This report, authored by Cushman & Wakefield and published in February 2022, provides key themes and trends regarding office sublease space in the United States and Canada. Key themes include a decline in the U.S. sublease inventory, an increase in leasing activity, and the negative impact of the pandemic on the sublease space in Central Business Districts (CBDs). In Canada, sublease space declined in two of the four major Canadian markets, including Toronto and Calgary. There remains a sign of recovery for the sublease market in North America based on a decline in vacant sublease inventory in several major cities.
Keywords: Post-COVID-19, Sublease, Office Space, Leasing