Office sublease space availability has been up virtually everywhere in the country: up 7.7% between Q3 and Q4 last year, according to Newmark, as a second wave of availability kicked off in the last quarter of 2022.
In January, JLL noted that more than half of recent sublease additions came out of the computer industry — not surprising given the level of layoffs. TechCrunch, which follows the high-tech scene, put the number in the first quarter of 2023 at 158,314. But more than half means almost half came from other industries.
Over a recent four-week period Trepp watched sublease activity in for 50,000 square feet in major and secondary metros and put together some of the bigger examples.
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