• Home
  • About Me
  • Blog
  • Sublease Central
  • Tenant Tips
  • Tenant Resource
    • Office Furniture Vendors
    • Commercial Tenant Improvement Contractors
    • Residential Real Estate Brokers
    • Commercial and Business Insurance
    • Recommended Business Books
  • Newsletter

+1 (925) 279 5590

Find Our Location
jeff.weil@colliers.com
officetimes.com officetimes.com
  • Home
  • About Me
  • Blog
  • Sublease Central
  • Tenant Tips
  • Tenant Resource
    • Office Furniture Vendors
    • Commercial Tenant Improvement Contractors
    • Residential Real Estate Brokers
    • Commercial and Business Insurance
    • Recommended Business Books
  • Newsletter

168.8 Million SF Of Office Sublease Space, 33.5 Million SF of Negative Absorption

Oct 15, 2020 | Posted by Jeff Weil | California Economics, Commercial and Business Insurance, Commercial Real Estate, Commercial Tenant Improvement Contractor, Employment, Newsletter, Office Furniture, Office Space, Pandemic, Real Estate Landlords, Sublease, Technology, Tenant Improvements, Tips for Tenants, Trends, U.S. Economics, Workspace, World Economy |

 

Stephen Newbold, National Director of Office Research for Colliers International reported that in Q3 of 2020 the United States experienced 33.5 million sf of negative absorption and office subleases in the US hit a record at 168.8 million sf. This is more distressing than we experienced during the Great Recession. The bad news was spread equally between urban and suburban markets. Stay tuned, because in my opinion, it will get way worse before it starts to get better…not a lot of positive spin to this…easy parking at office buildings, less lines at the elevator, more lease concessions coming, and working from home for many is a blessing!

 

Post Views: 320
Tags: #officespace
0
Share

You also might be interested in

New Office Building Systems Can Track Who You Are, Your Vaccine Status, and Where You Go

Feb 17, 2022

  There appears to be a number of apps out[...]

The Omicron Variant May Not Be The Last, Yet Business Is Optimistic In Spite Of These Fears

Dec 3, 2021

I stuck my neck out a few weeks ago and[...]

Is WeWork and Other Similar Operations Making or Losing Money?

Sep 17, 2021

  WeWork lost $3.2 billion dollars In 2020 due to[...]

Jeffrey Weil, CCIM, MCR.h, SIOR

Executive Vice President
San Francisco Bay Area
1850 Mt. Diablo Blvd., Suite 200
Walnut Creek, Ca 94507
CA Lic. 00786195
Phone: +1 925 279 5590
License #: CA-00786195
Email: jeff.weil@colliers.com

Categories

Find us on

Call or Email Me!

We're not around right now. But you can send us an email and we'll get back to you, asap.

Send Message
Solving Your Commercial Real Estate Needs Find Commercial Space Today!

Contact Information:

  • Jeffrey Weil
  • Colliers International
  • 1850 Mt. Diablo Blvd., Suite 200
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • officetimes.com

Contact Information

  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

Copyright © [2018] — Officetimes.com. All Rights Reserved.

Prev Next