Available U.S. Office Space Tops 1B SF For First Time Overall available office space in the U.S. reached a new high-water mark in the first quarter, topping 1.2B SF, according to new data from Avison Young. Representing 23.7% of the office inventory in the country, that number consists of direct and sublease availabilities and is a record at least in this century, by Avison Young's count. There were slumps in office leasing activity in the aftermath of the dot-com bubble and the Global Financial Crisis, but they weren't as pronounced as today's and were of an entirely different nature, according to AY U.S. President Harry Klaff. 
“Even though we were in recessions, there wasn't a functional change in how people were using office space,” Klaff said. Of course, the country's office market is bigger today than ever before, making the possibility of more than 1B SF of available space more likely than previous recessions. And the pre-pandemic… Read the full story here. | 
