In this article, you'll learn:

• How COVID-19 has increased subleasing as companies downsize or go remote.
• Which cities are seeing the biggest spikes in sublease space, like San Francisco and Denver.
• Projections that office vacancies will continue rising in the next few years.
• The challenges of subleasing as tenants compete with property owners to fill space.
• How iOptimize Realty® can help with subleasing, lease renegotiation, and CRE strategies.

Before COVID-19 changed the way we both live and work, all was well for commercial property owners in cities both big and small. Vacancy rates were at record lows, driving up rents and fattening property owners’ pockets.
Today, the pandemic has resulted in many people working from home, reducing the need for office space, with some companies ditching their densely populated downtown offices completely for sprawling suburban space. Because not all of these companies have been able to break their lease, this has resulted in a record amount of subleasing.