Sentences with phrase «sublease space putting»

Not exact matches

«Sublease space is offered at a discount, and that is putting a little dent in rental rates,» said Jesse Gundersheim, a market economist with CoStar.

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.

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 major threat to the sector at the close of 2001 was sublease space, which was hurting absorption and putting downward pressure on rental rates in some markets.