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Examples
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Sublease inventory grew more than 10% in the second quarter from the first quarter, according to the report, the sharpest rise yet in this down cycle.
Jaded Americans 2009
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Sublease space hit 10.3 million square feet at the end of the first quarter, up from 4.4 million square feet a year earlier, according to a Cushman & Wakefield report released Tuesday, the highest level since 2004's second quarter.
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"Sublease is toxic to landlords," says Ted Leary, president of Crosswater Realty Advisors, a real-estate consulting firm specializing in restructuring.
Jaded Americans 2009
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Sublease availability is up nearly 150% for the year to date, the real-estate firm said.
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Sublease space, in which tenants lease their rented space to other tenants, usually at below-market prices, increased to 77 million square feet in the third quarter from 73 million square feet nationwide in the second quarter, according to data provided by Grubb & Ellis Co., a real-estate services firm based in Chicago.
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Sublease space increased over the third quarter in 29 of the 47 markets that Grubb & Ellis monitors.
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Sublease space, which is listed separately after the direct space, represents available space that is typically not occupied but offered at a discounted rate.
Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal 2010
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Sublease space is usually not calculated in the quoted vacancy rates but can cause a major impact on the marketplace when totaled with direct space.
Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal 2010
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Sublease space is usually not calculated in the quoted vacancy rates but can cause a major impact on the marketplace when totaled with direct space.
Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal 2010
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Sublease space, which is listed separately after the direct space, represents available space that is typically not occupied but offered at a discounted rate.
National Business News - Local Business News | bizjournals 2010
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