Subleasing


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Lyft's Logan Green with 441 Ninth Avenue (Getty Images, Google Maps)

Lyft is lightening its office load by nearly half

This was probably not the lift office market landlords wanted. Rideshare company Lyft is moving to reduce its office...

Lyft is lightening its office load by nearly half
Peloton's Barry McCarthy, Hudson Commons (Peleton, Hudson Commons, iStock)

Peloton resorts to sublease at Hudson Commons

As Peloton gasps for air after a pandemic-fueled sprint, the fitness-media company is looking to sublease some of its...

Peloton resorts to sublease at Hudson Commons
TIAA CEO Thasunda Duckett and 730 Third Avenue (Getty Images, Google Maps, iStock)

TIAA sublets 40K sf at 730 Third Avenue

A major financial services organization managed to ink a deal amid Manhattan’s sky-high sublease market. The Teachers Insurance and Annuity Association is subletting 40,000 square feet to risk advisory firm K2 Integrity at 730...

TIAA sublets 40K sf at 730 Third Avenue
Savills' Jim Wenk (LinkedIn, iStock, Illustration by Kevin Cifuentes for The Real Deal)
National

Office space up for sublease back on the rise

The office sublease surge showed signs of abating late last year as companies juggled hybrid work plans and signed...

Office space up for sublease back on the rise
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

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