Like assignment, you need to get written permission from your landlord to sublet
He added that if rents were increased, the illegal sublet
phenomenon would die out.
Colp-Haber says firms offer sublease space anywhere from 10 to 50% lower than market rates, forcing landlords to reduce asking prices in order to compete with the sublet
Consequently, the total amount of available space in sublets
dropped 4% from 2001 in Fairfield county to 2.
Year-end 2000 closed with negative sublet
absorption of 2 million SF of space, counterbalanced by over 1.
This market was hurt by a jump in sublet
space from companies such as Deloitte & Touche, Shawrout, Value Behavioral Health and Aetna.
She sees boards under stress and spending many hours of discussion on sublets
in order to find the best solution to serve the majority of shareholders.
Strong demand for direct space in Midtown South was offset somewhat by additional sublets
put back on the market.
Does the Board consider sublets
to be a necessary evil that it wishes to discourage and control, or as a potential benefit that merely will be aided by regulation?
In the past two years the level of cooperator sublets
has increased by over 100 percent.
Under the new rules, sublets
by former owners will not be counted as investor units for blanket loans.
With a glut of sublease supply on the market, sublet
asking rents also experienced a decline, from $56.