• The suburban market saw 577,783 sq. ft. of net negative absorption on the quarter, a record of net negative absorption since Q1 2010.

 

  • There is 3.4 million sq. ft. of sublease space available, a 21% increase since the beginning of the year, and 3.2% of the overall inventory.

 

  • Asking rates have remained steady, though there are indications that landlords are being more flexible when it comes to concession packages, particularly around rent abatement.