Companies subleasing space in the city include marquee tech companies like Dropbox, Twitter (TWTR), and Zenefits, as well as non-tech companies like Charles Schwab (SCHW).
Not exact matches
Effective June 7, 2017, upon the close of the Transaction, the
Company terminated the
sublease agreement between Croe, Inc. and Acadia Properties for the
sublease of office
space in Draper, Utah.
The property manager for DLA's new building has
subleased a portion of the firm's
space to Greenberg Traurig and several other
companies, according to the filing, which notes that as of June 30, San Francisco labor and employment firm Liebert Cassidy Whitmore is also a tenant at 160 King Street.
The supply of
sublease space is fueled by tech
companies, such as Salesforce, that are moving into new headquarters and putting their old offices on the market, as well as by
companies such as Twitter Inc. whose real estate needs have fallen short of their planning, according to Gundersheim.
The
company is
subleasing a portion of Ligan Pharmaceutical's
space in the building and has relocated from its
space in Edison.
Available
sublease space — which can be an indicator of
companies scaling back after growing too fast — jumped to almost 1.5 million square feet (139,000 square meters) in the second quarter from 822,000 square feet in the prior three months.
Oil
companies trying to stem losses have shrunk personnel and put
sublease space on the market, but demand for the
space just isn't there, with available
subleases coming to market five times faster than new leases are being signed, according to a recent JLL report on Houston.
The statistical software
company, which had
subleased the
space, is Sears Tower's third key tenant renewal in recent weeks, said Menahem Deitcher, senior vice president with CB Richard Ellis Inc., which manages the 110 - story building.