MARKET TRENDS
- The overall availability rate has declined for the third consecutive quarter following nine straight quarters of increases, falling 110 basis points (bps) year over year.
- Suburban leasing activity has surpassed the five-year quarterly average for the fourth consecutive quarter, marking an active start to 2026.
- Available sublease space has fallen below 5.5 million square feet (msf) for the first time since Q1 2023, with 2.9 msf of sublet inventory concentrated in the Route 128 belt.