In this article, we explore:

• How the sublease boom is impacting corporate tenants and the office space market
• Challenges of subleasing excess space in an oversaturated market
• Regional trends in sublease availability across major U.S. cities
• The increasing competition among landlords and opportunities for tenants to negotiate better deals
• How Tenant Reps can help corporate tenants navigate sublease and renegotiation opportunities

A few years into the pandemic, in-person work has finally returned to the cultural zeitgeist. Yet, even with more companies returning to their corporate spaces (at least on a hybrid schedule), there is still a spatial utilization crisis.
Many offices are still sitting empty, with record vacancy levels taking hold of major markets and central business districts. 
 
This underutilized CRE (Corporate Real Estate) is even more so a liability as Recession threats loom over the nation. All this culminates in the fact that companies have too much space and are now going to great lengths to cut their losses. And, for many, subleasing is not the solution they thought it would be.