CRES STATS REPORT | WEEK ENDING MARCH 12th
- 37 spaces hit the market as available in the subject area in the last 7 days, equating to ~255,000 SF, which is on the higher end of the curve of recent weekly additions;
- A paltry 16 spaces (over 1,000 SF) came off the market equating to ~113,000 SF (noting the characteristic churn of sublease spaces rotating to direct);
- UNFORTUNATELY, there was a large spike in availability and the current rate is now unbelievably knocking on the door of 17,000,000 SF (equating to 16.7MM SF);
- I’ll hopefully have better news next Thursday, stay tuned.