Subleases throw a curve ball at landlords trying to emerge from the Pandemic. There will always be some sublease activity in the marketplace but the magnitude and big blocks of space available now, that will be cheaper and competing with landlords facing rising vacancies is obvious. Until this sublease space surge is absorbed the overall market rents will be negatively impacted and the recovery for office buildings delayed.
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Red Skelton profoundly explaining the Pledge of Allegiance. (Non-political)
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Oxford and Google closed the deal at 550 Washington Street, aka St. John’s Terminal.
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