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Office Highlights

United States | Fort Lauderdale, FL

Report | Fort Lauderdale Office Highlights - Q1 2011

Summary

Law firm volatility continued to reshape the Fort Lauderdale marketplace in the first quarter.
• The fraudulent mortgage processing saga continued to unfold. Fannie Mae and Freddie Mac terminated existing relationships and began transferring the processing business to other attorneys. Considerable layoffs ensued and 150,000 square feet of vacant Class A space was added to the market’s available inventory.
• Existing area law firms began expanding their footprints considerably in order to accommodate the new Fannie/Freddie business.

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