There continues to be a significant amount of sublease space available for office space users in many markets. Industrial and retail occupiers generally have less options. While subleases can be attractive financially, let’s not forget there are some potential pitfalls to consider before you sign.
Going into 2023, worldwide economic conditions are starting to show signs of improvement and inflation may have peaked, but it’s too early to confirm that. If overall economic conditions improve in 2023, historically that would mean office space absorption would increase and rental rates would also increase, however, we don’t think that is going to be the case this time.
Garry Adams of Capital Realty represented Owney in the strategic planning, market evaluation, site selection and lease negotiations for the 3,300 square foot flagship location.
ITRA Global, one of the largest organizations dedicated to representing tenants and occupiers of commercial real estate, is pleased to announce its 2023 Board of Directors. The Board was elected during their last annual conference.
