• 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

Tenants Vacate Records Amount Of Sublease Space

Nov 14, 2020 | Posted by Jeff Weil | California Economics, Commercial and Business Insurance, Commercial Real Estate, Commercial Tenant Improvement Contractor, Newsletter, Office Furniture, Office Furniture Vendors, Office Space, Pandemic, Real Estate Landlords, Sublease, Technology, Tips for Tenants, Trends, U.S. Economics, Workspace |

 

This was  the headline of a Bisnow report from a few days ago, citing 42 million square feet of new subleases hitting the market with 73 U.S. markets reporting negative absorption. Then the next day the Colliers ‘Disruption 2020: Office Sublease Continues To Rise, reporting that sublease space is 30 million higher than it was at the peak of the Great Recession. Today’s news was Dropbox and Glassdoor dropping big sublease space on the San Francisco market, with 472,000 sf of contiguous space. San Francisco now has 7.2 million square feet of sublease office space.  Great time to be a bargain-hunter if you need space, and the news is not all bad…in many cases companies are very successful with working from home, so if they can save money by unloading unneeded space, why not…meanwhile, yesterday Facebook leased 226,000 sf in Fremont, California so all is not gloom and doom!

Post Views: 338
Tags: #commercialrealestate#officespace#officesublease#officetimes
0
Share

You also might be interested in

Studies show public transit for commuting may not be Covid-19-dangerous

Aug 4, 2021

Bisnow reported on a recent study in London where they[...]

The Hybrid Return to Office Has Challenges

Nov 30, 2021

  The San Francisco Business Times had a few recent[...]

Report Out on Top 25 US Metro Office Markets

Sep 16, 2020

A report just released by Colliers International on the top[...]

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