Since COVID-19, offices have sat empty in major cities around the country. As this has happened, the amount of sublease space on the market has grown exponentially
In New York, coworking groups and others have given back "hundreds of thousands of square feet of space to landlords, with more expected in the coming months," according to a client report from Withers attorneys Vasi Yiannoulis-Riva and Steve Wilson.
Available space increased by 521,525 square feet in New York over the second quarter, according to Newmark Knight Frank.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
