• 56% of transactions over 10,000 sq. ft. were either renewals or short-term extensions.

 

  • As of quarter-end, there was 4.5 million sq. ft. of sublease space on the market, representing 3.2% of total inventory, the highest level recorded in 15 years of data.

 

  • Q3 2020 marks the first time asking rates have dropped consecutively for two quarters since Q2 2010; however, they are only down 0.3% from the Q1 2020 peak of $42.93.