Companies Still Have Way Too Much Office Space, and They Can’t Sell It
November 15, 2022
Article by: Eric Rosenbaum
- The amount of commercial real estate available for sub-lease is roughly equal to eight Amazon HQ2 towers.
- Other than high-use leases such as medical offices and laboratories, few lease holders can find buyers or tenants for unused office space.
- Companies that own their own campuses will likely wait out the current market, even knowing prices may further deteriorate.
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