Why office relocations are trumping renewals

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2015-Banking-and-Finance-Outlook-coverNearly 46% of office transactions were relocations

After years of stagnation following the financial crisis, the banking and financial services industry is seeing positive momentum, though there are still challenges ahead.

Industry employment grew at its strongest rate since 2006, up 1.9 percent year-over-year, though it remains 3.7 percent below the pre-recession peak. As firms focus on further improvement, core strategies across the board are to continue to rein in expenses, and increase revenue through organic growth. How?

So, while space needs are shifting for banking and financial services firms, the segment remains a major player in North American office markets. There are currently 8.1 million employees in the industry, making it one of the top three largest users of office space. Click here to see an interactive map that depicts which markets are most heavily occupied by banking and financial services firms, and how price premiums for Trophy space compare.


Click here to see our new Banking and Financial Services Outlook Report. This research includes a market-by-market analysis of the industry along with insights (and info-graphics) into the national trends.

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