North America Office Space for Sublease | Q3 2021

Sublease Office Sector Inventory Declined for First Time Since Pandemic Began

The North American sublease market may have finally peaked after several quarters of increasing inventory. This timing would match a similar path to previous recessions when sublease space increased for approximately two years before hitting its highest point and then receding.

In Q3 2021, sublease office space declined in more than 50% of North American markets, including 20 markets where sublease inventory dropped quarter-over-quarter....
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RSK: Finally some good news for the office sector.