The amount of sublease space on the market has been growing since the pandemic began.
In a recent report, CBRE said direct leasing activity in the second quarter of 2020 declined 85% compared to the same quarter in 2019.
"That is a dramatic number," says Withers Attorney Steve Wilson. "It doesn't address subleases, but it really does show the chilling effect that everything going on has had on the market."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
