Search
 

Sublease Shadow Lengthens Over Market

AUSTIN-The rate of growth slows in the northwest submarket as sublease space grows in other parts of city. However, the northwest submarket still has 59% of the total sublease space in the market.

By Tim Green | Updated on November 26, 2001

AUSTIN-Office sublease space reached 2.8 million sf from 2.68 million sf, according to the Buls-Hodge Report for the first two weeks of the month. About 152,000 sf of sublease space came on the market with about 21,000 sf leased, leaving a net increase of 129,000 sf.

Mike Buls, a broker, compiles the report in the middle and end of the month using figures supplied by brokers. It includes office space that is not immediately available.

A notable change is that the rate of increase in the northwest submarket slowed. It accounts for 59% — 1.67 million sf — of the sublease market, down from 61% in the previous two weeks.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.