Suburban office vacancy nears 30% as workspace cuts continue: Inventory in the suburbs is dropping, but so is demand as big new sublease listings flood the market.

The third quarter also brought a sale of a suburban office building, a rare deal amid rampant distress and higher interest rates keeping many investors on the sidelines. More companies trying to get rid of workspace over the past three months pushed the suburban office vacancy rate to a record high for the 11th consecutive quarter. [Extracted from the article]