In 2006 it expects 10 subleases with a total of 227,978 sf to expire, with 11 subleases of 251,637 to expire in 2007 and six subleases of 281,859 sf to expire in 2008. After that, the number of subleases still around will slow to only one each year--8,385 sf in 2009 and a 15,521 sf in 2010.
In other words, all of the 1.285 million sf of subleased space will be gone over the next six years. The team also notes that telecommunication companies take up most of these short-term leases, accounting for 26% of all the subleased space.
That is followed by engineering at 18% and Oil and gas/mining at 16%, respectively. Both insurance and software account for 8% of the market, while computer/hardware represents 7% of the subleased space. Financial services and business services each take up 4% of the subleased space, while 9% of the subleased space is taken up by tenants not classified by specific industries.
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