Class A subleases poised to fulfill demand

• A steady supply of office sublease space entered the market as a result of consolidations and relocations during the past year.
• By year-end 2017, more than 5 million square feet was marketed for sublease compared to 4 million square feet at year-end 2016.
• As we look to 2018, sublease space in high-end Class A buildings will lease at a steady pace due to lower vacancy rates and strong demand for this subset of the market inventory.
• However, sublease space in Class B buildings will lag and require discounts to attract tenants.

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