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Dynamic Southern Markets See Steady Rise in Sublease Space

Expanding Supply, Flight to Quality Increase Availability in Sun Belt
Among metropolitan areas of 1 million or more people, Tampa, Florida, ranks fifth for total space available for sublease as a percentage of total inventory. (Raif Fluker/CoStar)
Among metropolitan areas of 1 million or more people, Tampa, Florida, ranks fifth for total space available for sublease as a percentage of total inventory. (Raif Fluker/CoStar)
By Chuck McShane, Lisa McNatt
CoStar Analytics
July 20, 2022 | 4:29 P.M.

Nearly two and a half years after the pandemic began upending office routines, office sublet space remains at an all-time high. While coastal and gateway markets such as San Francisco and New York have some of the highest proportion of inventory available for sublet, this trend has not been limited to markets with population and job loss.

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