Sublease Space Tops Half Million Mark

ORLANDO-Sublease class A, B and C space in 11 submarkets has grown to a little more than a half million sf in the past six months and could grow another 100,000 sf by the end of the year, office brokers compiling the almost weekly corporate staff shrinkings tell GlobeSt.com.

The newest contributor to the sublease inventory is Charles Schwab Corp. which is expected to try and rent out at least one million sf in seven cities over the next seven months, property managers familiar with the discount brokerage’s operations tell GlobeSt.com.

In metro Orlando, the New York-based firm could be preparing to rent out at least 100,000 sf of its total estimated 303,000 sf of leased space at three area locations, brokers tell GlobeSt.com on condition of anonymity.