The Real Deal New York

More sublease space to come

November 19, 2008 08:02AM

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In October, there was 4.4 million square feet of sublease space available in
Midtown Class A properties, which made up 28.2 percent of all available
Class A space in the area. In 2007, sublease space in Midtown made up
29 percent of available space. James Delmonte, a vice president and
director of research at Jones Lang
LaSalle, said as vacancy increases, more sublease space will become
available and more sublease space will come to market next
year.

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