3 ms·
> By the end of next year, most of those leases will be done, and nearly everyone is downsizing. This is incorrect. Standard leases are for 5 years so 20% woul
by voisin 4y ago
> By the end of next year, most of those leases will be done, and nearly everyone is downsizing.
This is incorrect. Standard leases are for 5 years so 20% would come due in any given year, but for larger spaces that entailed significant investment by landlord or tenant tend to be for 10 years and some as long as 20.
- cjrp 4y agoI guess if you assume that very few leases were being signed after ~March 2020, most of the remaining (short-term) leases would have expired by 2024.