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AUSTIN-Advertised rents for several classes of sublease space and length of sublease contracts continue to drop as space availability once again increases, according to the June 15 Buls-Hodge Report.

Overall sublease space increased from 3.669 million sf to 3.699 million sf in June, a 30,000-sf increase despite reported leases of 79,000 sf, the report says. Mikes Buls, an Austin broker, compiles the report with input from brokers every two weeks.

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