Let’s Talk: Subleasing Excess Office or Industrial Space

Let’s Talk: Subleasing Excess Office or Industrial Space

If your company is paying for space you’re not fully using—whether due to downsizing, remote work, or shifting business needs—subleasing could be a practical way to offset these costs without breaking your lease.

What Is Subleasing?

Subleasing is when a company allows another business to occupy and pay for part or all of its leased space for the remainder of the lease term. It can be a strategic way to make the most of your existing real estate, especially if your current space no longer aligns with your operational needs.

Why Sublease?

When done right, subleasing can help your business:

• Offset rental costs
• Increase flexibility as your company evolves
• Avoid the financial burden of carrying unused space

But it’s not as simple as just finding someone to move in.

What You Should Know Before Subleasing

Before you move forward, there are important factors to evaluate:

• Review Your Lease: Most leases contain specific language around subleasing. Be sure to check for landlord consent requirements, use restrictions, additional fees, and profit-sharing clauses.
• Understand the Market: Market demand, available inventory, and competitive pricing will all impact how quickly and successfully you can sublease your space.
• Consider the Right Subtenant: Think about the type of company that would be a good fit—not just for your space, but for your building, landlord, and brand.

Why Work with a Real Estate Advisor?

The subleasing process can be complex — from navigating lease terms to marketing the space and negotiating with prospective subtenants. An experienced real estate advisor can help you avoid costly missteps and maximize the financial return on your unused space.

Cresa specializes in representing tenants, and our team knows how to position your space effectively in today’s market. We work as your advocate every step of the way — helping you turn excess space into opportunity.

Let’s talk about what subleasing could mean for your business.