Subdomains - will it inherit the parent site's PR?

[m-a-hudson]

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I'm thinking of creating a sub-domain; something like www.offers.mywebsite.com.
Will Google view it as a totally new website with a starting PR of 0, or will it inherit the parent site's PR?

Thanks

[dancey]

I'm pretty sure that goggle will view it as a completly new website and give it PR 0.

[Brendon]

Initally PR0, but if it's got links from the root domain (or anywhere else, in fact) it will rapidly acquire it's own PR, same as any other site