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NEW YORK CITY-In its constant effort to beef up its raft of industry services, GlobeSt.com has partnered with Irvine, CA-based Sublease.com to create the GlobeSt.com Sublease Center. The center provides property owners, managers and agents with a national listing service of sublease properties available on a city-by-city basis. As its name implies, Sublease.com is a web-enabled service that is focused exclusively on subleasing.

“The service–a first for the industry–comes at a critical time in the commercial real estate cycle,” comments Real Estate Media Inc. president and publisher Jonathan A. Schein. “There are a number of external forces that are coming together to heighten the need for such a service. Not the least of these is the still-weak national economy and the recent upheaval in corporate America–which we expect will increase the nation’s stock of sublease space as expansion plans are terminated or put on hold.”

Not surprisingly, Sublease.com CEO Paul Loulis agrees: “The market is flooded with sublease availabilities. Because subleases are usually a marginally profitable transaction for the broker, there is a powerful need for an efficient platform to source subleases.”

For further information, click on: GlobeSt.com Sublease Center or click on the button under Resources & Services.

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