The inventory of subleased space in the North American markets has declined for the first time since the start of the pandemic with the amount of space shrinking in more than half of 91 markets, according to Cushman & Wakefield.
North American vacant sublease inventory fell 0.8% in the third quarter compared to the second. The US dropped 1.5% during the period from 132.4 million square feet to 130.4 million, mostly from subleases being signed by new occupiers.
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