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Sublease Space Remains Biggest Challenge For Office Sector

As the economy continues to rebound from the pandemic, the glut of available sublease space remains the biggest hurdle for the office sector’s recovery.

By Lynn Pollack | September 07, 2021 at 03:00 AM

According to new research from CBRE, the amount of sublease space on the market will likely take several quarters to wind down. But despite that, some markets are seeing sublease space decline, and new sublease additions are decreasing in other regions.

The U.S. Sublease Availability Index was at 194 for July, according to CBRE, and nearly all of the 12 markets the firm tracks still have relatively high amounts of sublease availability.

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