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More US Companies Are Opting to Sublease Space

Despite Improvement, Office Sublet Availability Remains High Nationwide
DailyPay's lease at 55 Water St. in New York is one of the largest sublease deals of the third quarter. (James Hooker/CoStar)
DailyPay's lease at 55 Water St. in New York is one of the largest sublease deals of the third quarter. (James Hooker/CoStar)
By David Kahn
CoStar Analytics
September 27, 2021 | 5:30 P.M.

For the first time since the onset of the pandemic, the amount of available office sublet space across the United States has fallen quarter over quarter. Through late September, roughly 205 million square feet of office space was being advertised as sublet availability, down from more than 207 million square feet at the end of the second quarter.

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