Sublease Space: Fears That Next Wave Will Swamp S.F.
May 28, 2010
By J.K. Dineen

Cost-cutting tenants have put another 600,000 square feet of San Francisco office space up for sublease in the last 60 days, dumping unwanted square footage on a downtown leasing market just starting to recover from a nasty recession.

... Tenant brokerage firm Studley expects more sublease space to hit the block this quarter than in any quarter since the first three months of 2009, when 1 million square feet flooded the market.

“The financial services firms are finally getting around to dealing with their excess space in San Francisco, which will add to supply through 2011,” said Studley Managing Director Michael McCandless. ...

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