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Sublease space remains hard to find, as tenants opt to finish out full lease term

Despite a slight uptick in the second half of 2016, available sublease space in Seattle and the Eastside is down 30 percent from its peak of 2.4 million square feet in 2009.

The average available space is just under 10,000 square feet and has 40 months of term remaining. At $30.75 per square foot, sublease space is 22 percent cheaper than direct space.

San Francisco, a market that is 21 percent smaller than Seattle-Bellevue, has over 1.9 million square feet of sublease space available.

Source: JLL Research



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