"What has emerged recently that may prove detrimental is a second tier/sublease market that presently nears 1.4 million sf of existing class A/B office space," predicts Benson, owner of Benson Commercial Realty. "What is even more problematic is that there are nearly 900,000 sf in over 50 separate units that are between 10,000 sf to 50,000 sf, with many of these subleases having remaining terms of between 2.5 years to six years."
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
