There is a lot shifting in the office landscape. Which sectors are getting back on their feet? Is it time to target a new sector for new tenants?
Similar to last month, two major office-using sectors gained jobs over the year in March 2021. The Professional & Business Services sector saw an increase of 7,700 jobs, and the Financial Activities sector saw an increase of 12,000 jobs YOY.
While the Information Sector experienced a -2.4% YOY decrease, it has seen a steady and slow recovery, with MOM gains recorded most months since April 2020.
The Tampa unemployment rate and the Florida unemployment rate both were both recorded at 4.7% for MAR 2021.
INFORMATION SECTOR | MAR 2021
After experiencing slight dips in the months of AUG, NOV & DEC 2020, the Information Sector has been steadily recovering.
- While the sector experiences a -2.4% decrease YOY, there have been monthly gains since JAN 2021.
FINANCIAL ACTIVITIES | MAR 2021
And again, the Financial Activities sector remains one of the industries gaining the most jobs over the year.
- The sector gained 7,700 jobs YOY, the has recorded a +1.6% YOY increase.
PROFESSIONAL & BUSINESS SERVICES | MAR 2021
The Professional & Business Services sector has once again remained one of the industries gaining the most jobs.
- With 2,000 jobs gained over the year, the sector has experienced a +3.1% increase YOY.
To see the full scope of office-using employment growth in the Tampa-St. Petersburg-Clearwater MSA, download the full Office-Using Employment Report or feel free to connect with me directly for up-to-date local market information and expertise.