戴德梁行(CushmanWakefield)：2021年第三季度北美写字楼转租情况报告（英文版）（12页）.pdf

1、OFFICE SUBLEASE SPACE AT A GLANCE: NORTH AMERICA | Q3 2021 NOVEMBER 2021 / 2 / 3/ 3 Source: Cushman & Wakefield Research OFFICE SUBLEASE VACANCY NORTH AMERICA, Q3 2021 Sublease Inventory Declines for First Time Since Pandemic Began The North American sublease market may have finally peaked in Q2 202

2、1, after seven quarters of increasing inventory. This timing would match a similar path to the previous two recessions when sublease space increased for approximately two years before hitting its highest point and then receding. In Q3 2021, North American sublease inventory declined by -0.8% quarter

3、-over-quarter (QoQ). Current sublease inventory is 145.1 million square feet (msf), down from 146.3 in the previous quarter. Canada: 13.7 msf (+346,000 sf QoQ) Mexico: 1.1 msf (+501,000 sf) United States: 130.4 msf (-2.0 msf) Changes in Sublease Space Widespread In the past year, there have been 16

4、North American markets whose sublease inventory shrank year-over- year (YoY), with significant drops in: MARKETDECLINE Washington, DC 586,000 sf San Mateo Co.426,000 sf Dallas/Ft. Worth379,000 sf Northern VA217,000 sf The positive QoQ trend is even more widespread. In Q3 2021, sublease space decline

5、d in over 50% of North American markets, including 20 where sublease inventory dropped QoQ by 100,000+ sf. Space declines were significantly stronger among the six U.S. gateway markets, which collectively saw inventory drop by 5.1%. For example: MARKETDECLINE New York 1.3 msf San Francisco 1.0 msf B

6、oston386,000 sf / 4/ 4 Source: Cushman & Wakefield Research OFFICE SUBLEASE VACANCY NORTH AMERICA, Q3 2021 Occupiers Snapping Up Sublease Space at Reduced Rates There have been some instances of occupiers removing large chunks of their own sublease space from the market as they develop clearer workp