CBRE sheds light in Austin tech submarkets

• Austin’s available office sublease space grew to 1.3 million sf in 1Q 2017. 
• Sublease availability increased from 1.9 percent to 2.7 percent of the total office market from 3Q 2016 to the present quarter.
   
  Although not a troubling trend, CBRE Research will continue to follow the office sublease market closely. 
• Tech firms located in the Northwest, Southwest, and CBD submarkets have unloaded the majority of space on the sublease market. 
• Occupiers are marketing subleases primarily due to space contraction but secondarily to growth. 

See the full report here.