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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fifth Third Bank economist Jeffrey Korzenik: How businesses should address labor shortage - Dallas Business JournalThe 'Great Resignation,' early retirements and declining birth rates all point to an impending labor shortage that business leaders need to accept and address, argues Fifth Third Bank economist Jeffrey Korzenik.
Source: DallasBizNews - 🏆 525. / 51 Read more »
New projects in North Texas for November 24-November 27, 2022 - Dallas Business JournalHere’s a look at the latest new projects registered in North Texas with the Texas Department of Licensing and Regulation, a list of new construction, renovations and alterations in Dallas, Fort Worth and beyond. All projects listed are public records.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Tides Equities is staying active in Fort Worth even as multifamily market slows - Dallas Business JournalLos Angeles-based Tides Equities has acquired thousands of multifamily units across Texas. Now, the firm is positioning itself to strike when the market heats back up.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Office markets with biggest gains in sublease space, ranked - Phoenix Business JournalAlthough 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.
Source: phxbizjournal - 🏆 254. / 63 Read more »
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 »
United Way CEO breaks down the 'smart investment' of the organization's work in Dallas - Dallas Business JournalUnited Way of Metropolitan Dallas CEO Jennifer Sampson spoke to the Dallas Business Journal about the evolution of the organization, how it course corrects and her theory on investing in philanthropy. The one currency we all have in deep reserve is generosity. And when we set out together to deploy it like investment capital, with strategic intention and determination, it can be a powerful force to drive impact & unite people and communities. LiveUnitedNTX UnitedWayDallas
Source: DallasBizNews - 🏆 525. / 51 Read more »