MARKET TRENDS

• Availability increased 90 basis points from last year ending at 23.0%, the highest rate the market has ever seen as tenants continue to downsize.
• Tenants continue to enjoy favorable market conditions, with a surge in sublease availability, reaching a peak of 1.7 million square feet.
• The decision-making process for many companies will remain influenced by return-to-office policies and workforce planning.

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