Industrial sublease activity is hardly sinking. In fact, Savills reported last week that it has ballooned over 50% since Q1 2022 – the largest 12-month increase since 2008.

"As occupiers start to right-size following two years of intense expansion, expect high-quality, recently leased space to come back to the market," Savills reported.

Although still a small portion of total availability, demand is re-emerging as it did during the Great Recession and the onset of the pandemic.

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