Definition of "sublease" []

• To sublet (property). (verb-transitive)
• To rent (property) under a sublease. (verb-transitive)
• A lease of property granted by a lessee. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "The amount of sublease space in a market can affect the extent to which landlords can push up rents, because their "direct" space is competing with short-term sublease space that is often much cheaper, and tenants have more bargaining power."
• "That has pushed the so-called sublease space available up to 1.8 million square feet in the second quarter from about one-third that amount a year earlier."
• "& Co. and Lehman Brothers Holdings Inc. have put huge chunks of office space on the so-called sublease market, which adds to supply and depresses prices."