Key takeaways from Cushman & Wakefield’s Q1 2023 U.S. Office MarketBeat include:


  • Occupiers are looking for cost-cutting opportunities impacting leasing activity which has declined 23% quarter-over-quarter
  • Increase in sublease availability which now accounts for 15% of overall vacancy
  • Elevated vacancy likely to increase throughout 2023 but is expected to stabilize in 2024 as the economy recovers
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