OFFICE MARKET HIGHLIGHTS:
- In Q4 2022, the market had 1,004,476 SF available for sublease. Today, there is only 841,030 SF of sublease space available.
- The vacancy rate continues to move downward as it has done for 10 consecutive quarters. The current vacancy rate is 6.1%. Generally, we anticipate this trend to continue as we expect new construction to remain very limited.
- There were 19 leases over 5,000 SF signed this quarter. The most notable were Primetime Healthcare (101,283 SF), IPG (58,532 SF), and Young Williams, PC (12,598 SF).
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