The wind’s gone out of the great sublease balloon that supposedly spelled doom for the city’s office market.   Manhattan office sublease availability has fallen to less than in 2019, according to Transwestern — down to just 11.8 million square feet in the third quarter, compared to 12.3 million before the start of the pandemic and a high of 23 million in early 2023. But wait — wasn’t the sublease “glut” going  to wreck the progress that was  made since COVID-19 ravaged the economy? CoStar News

Tag-uri: Coronavirus