From what I read is that companies are not defaulting on their rents but the sublet market is seeing a huge amount of volume put up.
That means companies are still paying yet they are not using the space. We are about 14 months into this thing. Since companies operate, typically, on 5 year leases, that means 20% of the space will come up on average a year. I wonder how many are starting to really buy into the idea and just giving up the space or downsizing?
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Yea downsizing seems like the best option and then buy back in when it is cheaper.
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