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Declining Sublease Inventory Signals Potential Office Rebound

Sublease inventory is typically a leading indicator for the overall office market.

By Kristen Smithberg | February 06, 2025 at 05:45 AM

In his Behind the Numbers report this week, David Smith, head of American insights at Cushman & Wakefield, said a negative number is a positive for the office market.

The inventory of available sublease space – previously leased office space that occupiers have vacated available for sublease – has now declined by 5.6 million square feet over the past three quarters, and more than half of all US office markets have seen a decline in sublease inventory over the past year, said Smith.

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