{"id":3934,"date":"2023-12-12T17:36:28","date_gmt":"2023-12-12T17:36:28","guid":{"rendered":"https:\/\/thegenaugroup.com\/?p=3934"},"modified":"2024-01-12T17:48:58","modified_gmt":"2024-01-12T17:48:58","slug":"tips-from-the-genau-group-on-how-to-sublease-an-office-space","status":"publish","type":"post","link":"https:\/\/thegenaugroup.com\/tips-from-the-genau-group-on-how-to-sublease-an-office-space\/","title":{"rendered":"Tips from The Genau Group on How to Sublease an Office Space"},"content":{"rendered":"\n
Just as some homeowners rent out spare rooms, businesses can enjoy the financial benefits of sharing their space by drawing up an office sublease agreement<\/a>. Whether your business is downsizing or has excess room, subletting can offset the cost of office space and make it more affordable for businesses. To take advantage of office subleasing and avoid legal hassles, your business must review the lease, vet potential candidates, and consult a qualified real estate advisor.<\/p>\n\n\n\n Business owners near Springfield, VA, with commercial brokerage and real estate needs can turn to The Genau Group. With over 100 years of combined experience, our team of commercial real estate professionals has a track record of successful deals and attentive client services. As top-rated brokers in the DC, Maryland, and Virginia area, our clients know they\u2019re receiving top-notch counsel and advice. To schedule a consultation<\/a>, call us at (202) 735-5382 today.\u00a0<\/p>\n\n\n\n Here, we outline industry tips and tricks to sublease your office successfully: <\/p>\n\n\n\n Before leasing your office space, check the terms and conditions of your current lease. Some commercial leases have restrictions on subletting, and those that don\u2019t may still require permission from the landlord first. To ensure legality, only make commercial sublease agreements<\/a> after obtaining a comprehensive legal review and written permission from your landlord.\u00a0<\/p>\n\n\n\n After receiving written approval to sublease your office, hire commercial real estate services to market your property<\/a>. In normal market conditions, it\u2019s not hard to find qualified business subtenants interested in your space. But to remain competitive, consider pricing your sublease near the market rate for comparable office spaces. In doing so, you can broaden your market to potential businesses eagerly seeking affordable office space.\u00a0<\/p>\n\n\n\n1.) Check Your Lease Agreement <\/h2>\n\n\n\n
2.) Market Competitively <\/h2>\n\n\n\n
3.) Screen Potential Candidates<\/h2>\n\n\n\n