Subleasing


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The share of vacant sublease space in the total vacancy was 16.5 percent, the highest since 2005. (iStock)
Tri-State

Office vacancy rate in New Jersey nears 19%

New Jersey’s office vacancy rate hit a 15-year high in the second quarter. The 18.8 percent figure includes 9.1 million square feet of empty space available for subleasing, according to Avison Young’s quarterly market...

Office vacancy rate in New Jersey nears 19%
A Walgreens and Duane Reade location at 322 8th Ave (Google Maps)

Walgreens, Duane Reade to sublease 16 stores

Walgreens and Duane Reade, once fixtures of many New York City streets, are packing up even more of their...

Walgreens, Duane Reade to sublease 16 stores
MAC Cosmetics has made four of its closed New York City locations available to sublease. (Google Maps)

MAC wants to sublease 4 NYC stores

MAC Cosmetics is the latest brand to try its hand on the retail subleasing market. The four stores that the cosmetics brand is looking to sublease are located at 165 Smith Street in Brooklyn,...

MAC wants to sublease 4 NYC stores
(Getty, Photo Illustration by The Real Deal)

Retail had its reckoning. Will subleases flood the market?

When fast-fashion chain Mango agreed to sublease Ralph Lauren’s 28,000-square-foot Fifth Avenue store last November, the deal seemed like...

Retail had its reckoning. Will subleases flood the market?
Yelp's 11 Madison and PWC's 300 Madison. (SL Green, Brookfield)

Yelp, PwC test options on Manhattan’s sublease market

 Yelp, the website popular for its crowdsourced business reviews, has two offices near Madison Square Park in Manhattan —...

Yelp, PwC test options on Manhattan’s sublease market

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