Office markets with biggest gains in sublease space, ranked - Silicon Valley Business Journal

  • 📰 svbizjournal
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 59%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Although the analysis doesn't include every U.S. market, it provides a snapshot into how geographically disparate growth in sublease inventory is — and that no city is immune to company decisions to downsize or entirely exit office spaces.

The U.S. office market has shifted dramatically since the Covid-19 pandemic, including a surge in sublease inventory as companies dial back on their space needs or close down entire offices.found which markets, among 39, have seen the biggest gains in office sublease inventory since the Covid-19 pandemic.

"There's been a rapid increase, and a large amount combining with increased direct availability as well to really depress the market," he continued What's hard to predict is whether the sublease market will continue to grow, flatten or even decline in the coming quarters. In fact, many are Midwest or Sun Belt cities that had a relatively small amount of sublease space before the pandemic, making the increase in the past three years more notable. Nearly all of the 30 markets included inAmong the 39 markets analyzed, New York has the most sublease space on the market, or 29.2 million square feet as of Q3 2022. That's a 67% increase since Q3 2019.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 334. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small-business owners banking on big Black Friday, Cyber Monday - Silicon Valley Business JournalWith economic storm clouds looming, small-business owners are banking on a strong Black Friday, Cyber Monday and Small Business Saturday. New data offers good news on that front.
Source: svbizjournal - 🏆 334. / 59 Read more »

Leadership expert Marcia Daszko on how leaders create job security - Silicon Valley Business JournalLeadership lessons: Security comes from feeling inclusivity, belonging, solving the tough problems, and creating the future as one team.
Source: svbizjournal - 🏆 334. / 59 Read more »

Oracle lists Pleasanton for sublease - Silicon Valley Business JournalThe software company said last spring that 20% of its global real estate portfolio had either been sublet or was actively being marketed for sale or sublease.
Source: svbizjournal - 🏆 334. / 59 Read more »

Rezo Therapeutics, Prosper Marketplace score $75M venture rounds - Silicon Valley Business JournalThe Thanksgiving holiday didn't stop a drug developer and an online lender from each raising a large new round.
Source: svbizjournal - 🏆 334. / 59 Read more »