Commercial brokers turn to subleasing

By James Kelly | June 24, 2008 09:36AM

From the June issue: With job losses announced and more predicted in the financial services industry and at businesses hit by its fallout, New York is seeing a citywide slowdown in office leasing activity that could last as long as 18 to 24 months, according to some experts. But as direct leasing deals have become sparse, many commercial brokerages are turning to the type of deals that may become much more prevalent in coming months: subleases. 

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