The tech sector accounted for nearly 848,500 square feet in new office leases in 2015
By Katherine Kallergis
Technology firms have doubled their South Florida footprint from 2013 to 2015, according to a new report released by CBRE.
The tech sector accounted for nearly 848,500 square feet in new office leases in 2015, an increase of more than 83 percent from 2014 and more than double the space leased in 2013.
Last year, 3-D software developer Magic Leap signed a lease for 259,737 square feet at the former Motorola Mobility headquarters. And the deal, which marks the biggest lease for the tech sector, is reportedly valued at $542 million.
Even without Magic Leap, office space absorbed by tech firms would have increased by 27 percent year-over-year and by 42 percent compared to 2013, according to the report.
In July, Uber signed a lease for 9,333 square feet at Brickell City Tower for its new Miami headquarters.
Read the Full Story HERE >>>> Source: The Real Deal South Florida Technology Footprint | South Florida Biotech