Monday 9 November 2020

Manhattan office tenants find bargains in sublease market

Looking for cheap office space in Manhattan? You may be in luck: Discounts abound in the borough — if you’re willing to sign a short-term sublease. Take Midtown East: Subleases account for 23 percent of the total office availability in that area, the New York Post reported, and some spaces can be had for more than 50 percent below asking rents. One lucky tenant is Ronn Trossian’s public relations firm 5W, which has signed on



source https://therealdeal.com/2020/11/09/manhattan-office-tenants-find-bargains-in-sublease-market/

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