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San Diego Q4 2025 Office Market Report
"Full-year leasing activity decreases amid a rise in unemployment"
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"Full-year leasing activity decreases amid a rise in unemployment"
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"Strong leasing activity carries into the new year"
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"Annual leasing volume strengthens as confidence improves across Toronto office market"
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"Overall vacancy increased to 28.4%, rising 750 basis points (bps) year over year. Direct vacancy climbed 780 bps from the prior year to 23.2%, while sublease vacancy edged down by 40 bps year over year to 5.2%."
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"Overall vacancy stands at 27.1%, down 40 basis points (bps) from 27.5% year over year, while available space also declined slightly from 1.5 million square feet (msf) to 1.4 msf over the same period. "
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"Vacancy declined modestly to 31.8%, down 190 basis points (bps) from 33.7% in Q4 2024. Even so, more than a quarter of New York City’s life sciences inventory remains vacant, indicating continued softness in tenant demand."
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"Overall vacancy stands at 7.2%, representing a 110-basis point (bp) increase year-over-year. Direct vacancy remains at 6.5%, unchanged from last quarter and among the highest levels recorded in the market."
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"Overall vacancy increased modestly to 22.2% from 20.4% in Q4 2022, while sublease vacancy rose by 120 basis points (bps) year over year to 3.6% from 2.4%."
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"Overall vacancy increased 61.6% year over year to 28.6%, driven in part by the delivery of more than 3 million square feet of new life sciences space added to the market."
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"Vacancy increased 210 basis points (bps) from Q4 2024 to 24.3%, driven by a rise in direct vacancy to 20.1%. Sublease vacancy edged down to 4.2%, marking its lowest level since Q4 2024. "