Not exact matches
The
space is available immediately and can house about 1,400 employees, making it the single largest
sublease space available in San Francisco, according to the San Francisco Business Times,
which first reported the story.
The
sublease,
which the board had arranged through Columbia University, according to CB12, doesn't include the cost of evening security even though the board was clear about its need for night access prior to moving into the
space in 2013.
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.
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.
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.
The deal would mean that Prime Group Realty Trust,
which took over Citadel's lease in 2001, has
subleased about 78 percent of Citadel's 161,000 - square - foot
space.
•
Space for a private investment firm,
which took a full - floor
sublease at 676 N. Michigan Avenue.
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.
So suggests Evan Combs, a San Francisco - based adviser at Cresa, a corporate real estate advisory firm that helps tech startups land the right
space and
which began to observe the increase in
subleased property in the third quarter of last year.