Available sublease space on the Long Island Market is approaching its post-2005 peak
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- The amount of available sublease space in the Long Island market has reached its highest point since 2009, totaling 1.2 million square feet.
- The percentage of sublease space in relation to the total available space on the market has risen by 4.8 percentage points since the end of 2022.
- This increase in the substantial amount of available sublease space can be attributed to a major insurance firm listing their space on the market.
October 19, 2023