In October, there was 4.4 million-square-feet of sublease space in midtown Class A properties available, which made up 28.2 percent of all available Class A space in the area. In 2007, sublease space in midtown made up 29 percent of available space. James Delmonte, a vice president and director of research at Jones Lang LaSalle, said as vacancy increases, more sublease space will become available and there will be more sublease space available next year.
|
