Office Subleasing Strategies


Office Subleasing Strategies


Experts weigh in on subleasing trends, activity and advice to brokers in the space.

At a national level, subleasing activity is currently increasing. During the first quarter of 2022, the leasing of sublease space rose 60 percent year-over-year, according to a CBRE report. While activity is on the rise, availability for sublease space in every major market, including the office space, is above pre-COVID levels.

In the Manhattan office market, for example, sublet inventory as of late August of 2022 grew by nearly two thirds since March 2020, Franklin Wallach, executive managing director, Research & Business Development, Colliers, told CPE. That represents just under 20 million square feet of sublet space on the market, some of which has been successfully leased...

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RSK: Some good ideas here. It`s not only the work from home and hybrid work but also the flight to quality space causing the glut. Think amenities.

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- - Volume: 10 - WEEK: 49 Date: 11/29/2022 10:08:08 AM -