3 ms·
It may not all be doom and gloom. Landlords have been forcing long term leases (7 years+) on tenants to get space in the city. Once a company outgrows that sp
by jorts 11y ago
It may not all be doom and gloom. Landlords have been forcing long term leases (7 years+) on tenants to get space in the city. Once a company outgrows that space they're still on the line for that lease, so they sublease it out and not at a major discount.
- samcheng 11y agoRight. In fact, last year at least, many companies were able to profit on their subleases, as the long-term (4+ year) lease was at a lower rate than the going price. Another common situation is landlords happy to terminate a couple-year-old lease, because they know they can easily get a higher rate on the open market.