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Industrial and office face the biggest share of potential tenant exits.
The evaluation tool of public equities is flexible, it said.
Sublease inventory is typically a leading indicator for the overall office market.
The increase suggests a growing preference for repurposing newer structures.
Assets are also taking longer to stabilize and concessions are more common.
Large multifamily properties are home to the largest percentage of first-time renters.
Large-dollar deals in major markets benefited more than small transactions.
Occupancy and average daily rates are expected to rise in these areas.
Of the top 100 industrial leases signed last year, nearly half were for more than 1M square feet.
In 2024, the multifamily market more than doubled its net absorption from last year.