Cushman Wakefield : Office Leasing Activity Grows but Availability Remains High

Written by Media Outreach

F&B Rents in First Rise Since Q3 2016 yet Relaxation of Cross-Border Restrictions may Impact Short-Term Demand

Highlights of Office Market

- Citywide rents dropped 1.4% q-o-q, mild decline from -2.0% q-o-q in Q1

- Net absorption at -192k sq ft, improved from -900k sq ft in Q1

- Availability rate at 14.4% is expected to remain stable in 2H...

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