April 12, 2016

  • Available sublease space in thirty major tech markets tracked by CBRE Research is low but rising, and in the past, sublease space oversupply has preceded a market downturn.
  • The rise in sublease inventory among tech concentrated markets reached 57.2 million sq. ft. (1.7% availability rate) placing some markets at greater risk for weakening market fundamentals.
  • Weakness has not yet emerged, but tech concentrated areas within the San Francisco Bay Area, Austin, Chicago, San Diego and Denver need to be closely monitored.