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Northern New Jersey’s Office Market Grapples With Mounting Sublet Space

Available Sublet Space Rapidly Approaching 5 Million Square Feet
An overlook of Newark, New Jersey, where a notable amount of sublet space has been listed. (Gary Hershorn/Getty Images)
An overlook of Newark, New Jersey, where a notable amount of sublet space has been listed. (Gary Hershorn/Getty Images)
CoStar Analytics
May 20, 2021 | 5:00 P.M.

Office availabilities throughout the nation continue to rise as the pandemic has both blunted tenant demand for new space and crippled office usage. While major markets such as San Francisco, New York and Dallas-Fort Worth unsurprisingly see a surge in available space, more suburban markets have not been immune to the pandemic’s effects on space usage.

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