Sublet means to rent out a place that you are already renting from someone else. It's like lending your rented space to someone else temporarily, and they pay you instead of the original landlord. Full definition
An office sublet in NYC can seem like a perfect solution at first. (lawfirmsuites.com)
- ft. glut of sublet space reported by real estate services firm JLL in mid-2016, largely the result of layoffs, has shrunk to about 8.5 million sq. ft., according to Carter. (nreionline.com)
Canadian office and industrial markets are beginning to experience the full impact of the economic downturn, with rising availability rates and a sharp increase in sublet space in some major Canadian cities, says a report by Colliers International. (remonline.com)