- The suburban office market experienced a decrease in activity in Q3 2020 resulting in a 120 basis point (bps) increase in vacancy to 21.4% and 307,136 sq. ft. of net negative absorption.

- Larger block categories such as engineering firms are being heavily impacted by the current economic climate and many are still focused on protocols for re-entry of workplaces.

- Opportunity remains for tenants who can take advantage of the current market and capitalize on the aggressive incentives and rental rates being offered.