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Office Sublet Space May Pose More of a Competitive Threat Than Initially Thought

Nearly Half of Sublet Listings Have Three Years or More of Term Remaining

A full-floor sublet availability at 192 Lexington Ave. in New York City has up to 10 years remaining on the lease term. (James Hooker/CoStar)
A full-floor sublet availability at 192 Lexington Ave. in New York City has up to 10 years remaining on the lease term. (James Hooker/CoStar)

Office sublet space may pose more of a competitive threat than initial estimates indicated.

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