Bradford Allen is pleased to share with you our latest office market report.
This quarter in the downtown office market:
- Absorption levels turned negative to start the year, posting -1.8 million s.f. in Q1/23
- Direct vacancy increased to 19.8%
- The gross asking rate for the market is $42.89 p.s.f.
- Sublet availability remained steady at 4.5% in Q1/23