HOW OFFICE SUBLEASING COULD BECOME THE ACHILLES HEEL THAT SUBPRIME LENDING WAS TO THE LAST RECESSION

If subprime lending defined the Great Recession in 2008, the current recession is likely to be known for subleasing, a tell-tale sign of weakening office real estate. © Provided by Financial Post From office towers in Manhattan and Sydney to highrises in Vancouver and Toronto, office occupancy rates are currently a fraction of the pre-pandemic period. ...