Manhattan Supply of Open Sublease Space Jumps

From The Real Deal: “Sublet space has grown more rapidly, increasing 123 percent since January to 6.8 million square feet, the company reported. Although the sublet increase was substantial, the total amount did not approach the 11 million square feet recorded for March 2003. ‘Sublets are nowhere near as high as they were around 2000 and 2001 after the new media, dot-com implosion. But they are climbing, and climbing fairly rapidly,’ Sammons said.”

Manhattan Supply of Open Sublease Space Jumps