Net office leasing falls 20% in Jan-Sep across 8 cities
In short
Net office leasing fell 20% in the January to September period across eight major cities. It reached 36.7 million sq ft, according to Cushman & Wakefield.
The report says limited fresh supply of good offices and a high base made the number weaker. It does not say which cities fell the most or what happens next.
What the reporting says
Net leasing of office space fell 20% year on year in the January-to-September period across eight major cities, reaching 36.7 million sq ft. Cushman & Wakefield linked the drop to limited fresh supply of quality workspaces and a high base effect. The report does not break out city-wise numbers or say whether demand is weakening further.
Why it matters
Net office leasing fell 20% year on year in the January-September period to 36.7 million sq ft across eight major cities, according to Cushman & Wakefield. The report points to limited fresh supply of quality workspaces and a high base effect as the reason. That suggests softer leasing activity for the office market, but the story does not identify the most affected cities or whether supply will improve soon.