Tech tenants finalized sublease
agreements an average of 8.
The most frequent users of tower sublease
space, according to Jones Lang LaSalle, are boutique hedge funds.
create issues for the sublessor; causing a domino effect for the landlord.
The Avenue of the Americas space also came on and off the market in a matter of months, Turchin said, an unusually quick turn-around for sublease
If the sublease
term could extend beyond the then-current term of the ground lease, the Subtenant should insist upon verification that all options have been exercised and/or require the Fee Owner to accept an early exercise of such renewal rights.
Rapp represented Aon in its downtown move and is handling the roughly 91,372 s/f of remaining space at 55 East 52nd Street that Aon is seeking to sublease
Heading into 2000, the ratio of sublease
space to overall vacant space ranged from seven to nine percent, and during the first quarter of 2000 the ratio climbed to ten percent, which was still considered an indicator of a healthy office market.
in the building are good until 2010, but Renaissance has committed past then, meaning it will have to pay direct rents eventually.
Three companies inked sublease
deals with ABN AMRO for space on the 16th floor.