"Time is money as it relates to disposing of excess space, especially in a deteriorating market," says SVP Mark Parrish. "We've had success in subleasing spaces with as little as two years and as much as 10 years of remaining lease term."
However, a large number of the deals have involved leases with less than five years remaining, according to the company.
"It doesn't make a lot of sense for them to sit on that space or delay a consolidation when we can present them with other viable, more economical real estate solutions," says regional managing director Michael O'Hanlon.
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