MARKET TRENDS

• Availability remains elevated and ended the vear at 23.3%, up 40 basis points from last year as many tenants stay focused on reducing their office footprints.
• Tenant-favorable office market conditions persist, offering a diverse range of both direct and sublet space options in which to choose from.
• Return to office remains a primary consideration in decision-making by occupiers and will continue to influence activity levels in 2024.

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