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.