Corporate Tenants Dump Excess Office Space, Sending Shivers Through the Market

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More companies are looking to dump excess office space by renting it out to new tenants, flooding the market with additional supply

With many employees planning to keep working from home for the foreseeable future, big corporate tenants in city centers say they have a surplus of office space. Most of those companies are locked into long leases of as long as 20 years and have little opportunity to get out of these agreements.

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More companies are looking to dump excess office space by renting it out to new tenants, flooding the market with additional supply.

convert them into living spaces

this is terrible news

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