MARKET TRENDS

• Leasing activity in Q3 of 0.8 million square feet was up on the quarter and annually as new location activity supported by the education sector put volume above its 5-year average
• The availability rate reached a record high of 18.7% in Q3, reflecting a year over year increase of 140 basis points, offering tenants abundant opportunities for relocation
• As hybrid work models become increasingly common, more tenants are expected to use these flexible arrangements to guide and shape their leasing decisions

Read the full report