• Market-wide availability decreased 40 basis points (bps) to 26.8% in Q3 2021.
  • Sublease availability decreased a modest 50 bps, closing the quarter at 10.1%, totaling 8.6 million sq. ft.
  • Net absorption totaled negative 152,522 sq. ft. in Q3 2021 – the seventh consecutive quarter of net move-outs – bringing year-to-date net absorption to negative 3.5 million sq. ft.