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columbo928s4 t1_ja9tke0 wrote

Reply to comment by WatchesAndNYC in Midtown Owners Hedge on Costly Office-to-Home Conversions by psychothumbs

can the company not sublease it out?

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pedalbot_0785 t1_ja9z42e wrote

to whom tho?

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columbo928s4 t1_ja9zsd8 wrote

yeah i mean that's the big challenge, but i assume if they're willing to take a substantial haircut on the $/sqft they can find a tenant, and having a tenant pay any portion of their fixed lease costs seems preferable to just eating the full cost of a 30 year 10 floor lease if they are legitimately never using the space

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