A slew of office tenants in Dallas-Fort Worth have given up hope of saving money on real estate and are taking space back after hanging their hats on subleases that never materialized.
Eighteen subleases totaling 2.2M SF have been taken off the market for reasons other than a new tenant occupying the space since the first quarter of last year, according to CBRE. Others, still attempting to find subletters, are working in cavernous spaces that offer as much as 10K SF per employee on most workdays.
Source: As Sublease Space Hits Record High, Some Dallas-Area Companies Are Throwing In The Towel