Sublet

Photo illustration of Amazon’s Jeff Bezos and Meta’s Mark Zuckerberg (Illustration by Kevin Rebong for The Real Deal)

Big tech’s downsizing spells office market retreat

Sector accounts for 30M sf of available subleasing space

Suit: Murray Hill townhouse home to gambling, prostitution

Suit: Murray Hill townhouse home to gambling, prostitution

Neighbors have been complaining about pot smoke, crowds, late-night parties

55 Water Street, 399 Park Avenue, and 113-133 West 18th Street in Midtown South have each had tenants put up more than 150,000 sq ft for sublease since the pandemic began. (Google Maps)

Manhattan now has 16M sf of available office sublease space

Supply jumped in Q3, and now represents over 25% of borough’s total available office space