According to Cushman & Wakefield economists, sublease space availability in the US office market seems to have peaked. The third quarter saw 130 million square feet of vacant sublease space which is a decline of 2 million square feet over last quarter. “This timing would match a similar path to the previous two recessions when sublease space increased for approximately two years before hitting its highest point and then receding,” Cushman analysts note in a recent report.
