North I-680 Office Market
|Average Asking Rent (Price/SF)||$2.94|
|Vacancy Rate (%)||15.7|
|Net Absorption (SF)||-136,298|
The North I-680 office market experienced 136,298 square feet of negative net absorption in the second quarter of 2020. Availability rate crept up to 15.71%, the highest it has been since 2015. Space marketed for sublease increased by 90,000 square feet since the start of 2020 and double that amount in the last 12 months. Overall, sublease space accounts for over 16% of all available space in the North I-680 Market and is at its highest level since Q3 2002.