(Crystal Proenza is associate editor of Real EstateFlorida.)
WEST PALM BEACH, FL-A second-quarter special report by JonesLang LaSalle indicates that sublease space is on the rise in majoroffice markets throughout the country, but has not escalated beyondthe decade's peaks. Those peaks are qualified as taking place from2001 to 2004, during the market's last downturn triggered by thedot-com bust.
The report singles out South Florida as the hardest-hit market,with increases in sublease space ranging from 105% to almost 300%compared with last year at this time. Nationally the total is uponly 12.3% from 44.8 million sf last year to 50.3 million sf.
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