Office owners brace for competition — from their tenants

As companies consider longer-term plans to work from home and the economy struggles, Manhattan’s office landlords are facing the specter of competing with their own tenants to lease space. Major tenants such as Macy’s and WeWork have already made plans to offer up hundreds of thousands of square footage on the sublet market. Others are likely to follow suit, as companies look to trim costs by renting their excess space. “We do expect a good

source https://therealdeal.com/2020/05/18/office-owners-brace-for-competition-from-their-tenants/