TAKEAWAYS

• In Q2, the availability rate rose for the fifth straight quarter from 21.7% to 22.0%, an increase of 30 basis points (bps), which is the smallest quarter-over-quarter increase.
• The Suburban Maryland sublease supply escalated to a new market high of 1.6 million square feet (msf) in Q2 – a 60% increase from one year ago.
• The Suburban Maryland sublease supply escalated to a new market high of 1.6 million square feet (msf) in Q2 – a 60% increase from one year ago.
• A growing number of companies are putting re-occupancy plans into place for 2021, but the growing concerns about the COVID-19 Delta variant are potentially putting those plans on hold for many and elongating the effects of the pandemic.

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