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Sharp rise in subleasing of office space

London office space totalling more than 2.1m sq ft was marketed for subleasing last month, according to BNP Paribas Real Estate.

The figure is the highest since the company starting collecting the data at the beginning of last year.

Subleases tend to be more flexible and will increase competition for landlords, BNP Paribas’ head of central London office agency, Dan Bayley, said. There will be some impact on pricing, he noted.

Click here for the full FT article (£)

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