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Because in most cases you are subleasing excess space from another company -- a company that may be further along in its life cycle than your start-up, and that has excess space, and is willing to sublease the space for a cost that is less than the market rent that you would pay if you enter into a direct lease with a landlord.
Review your lease: Take a careful look at the sublease and assignment provisions in your existing lease.
In addition, subleases are beneficial for tech companies because they typically necessitate less of an up-front cash outlay related to space build outs than direct space," Learner added, citing BuzzFeed's 57,691 s/f sublease from jewelry giant Tiffany & Co.
The amount of sublease space available has declined, the research shows, as 21 percent of all space on the market in the first half of 2011 was available for sublease, compared to 30 percent in 2009.
Know the Subtenant: At a minimum, landlords should request the name and address of a proposed subtenant, certified financial information for a set period of time and a copy of the proposed sublease.
At the end of the sublease primary term, FM has a "fixed-payment option" to purchase from X the headlease residual (i.
With the eviction held in abeyance, the Cesars were ordered to turn over their sublease agreements for the inspection of the airports officials.
The Avenue of the Americas space also came on and off the market in a matter of months, Turchin said, an unusually quick turn-around for sublease space.
This strategy can prove vastly more profitable than standard sublease or recapture solutions.
has entered into a renewable ten year sublease agreement with the Washington Department of Ecology to continue operating a low-level radioactive waste disposal facility on the U.
Landlords holding this space should be particularly focused on the sublease market.
The majority of office sublease space listed as available in Midtown cannot be leased at any price, said John Powers, chairman of the New York tri-state region at commercial brokerage CB Richard Ellis.
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