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Suburban Maryland Q3 2026 Office Market Report

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MARKET TRENDS

  • Availability rates remained elevated, increasing slightly to 24.0% in Q3 2026 and up by 80 basis points year over year.
  • Flight-to-quality dominated leasing activity this quarter, with 81.5% of total leasing volume recorded in Class A inventory.
  • The sublet market is back on the upswing, after several quarters of declining availability, increasing by 0.1 million square feet (msf) over the last year.

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