Bradford Allen is pleased to share with you our latest office market report.
This half in the suburban office market:
- Absorption levels improved but remained negative at -250,000 s.f. in the back half of 2022
- Direct vacancy rate remained steady at 28.9%
- The gross asking rate for the market is $26.22 p.s.f.
- Sublet availability slightly decreased to 4.1%
