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The Boom and Benefit of Sublease Space

Even with some challenges, companies may find that market conditions and availability of sublease space could provide opportunities to elevate and explore future options at a reduced overall investment.

Today’s tenants face increasing uncertainty about future workplace strategies. With current pandemic-related challenges, many companies have not yet determined what workplace solutions will look like, amid looming lease expirations.

This may pressure firms to make decisions that may have lengthy and expensive implications, while not providing the flexibility to redefine how space will be occupied, says Doug Hellmann, architect and PDR principal and director of project delivery. Depending on the size of the company and the complexity of business needs, the sublease market could be an untapped solution, he says.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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