Brief

Northeast Industrial Sublease Availability Ebbs and Flows in Fluid Market

November 8, 2023 5 Minute Read

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The economy’s reopening following mandated shut-downs was plagued by lingering supply chain disruptions, persistent inflation, and high interest rates, that turned the post-pandemic recovery into a challenging economic period. These factors led to a deceleration of economic growth in the second half of 2022 and spurred corporate belt-tightening and cost-cutting. This new lean business environment led companies with excess distribution and logistics space leased during the hot market of 2019-2021 to list it on the sublease market hoping to offset operating costs.