sublease


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sublease

A lease by a tenant to a subtenant of part or all of the premises leased by him, for part or all of the term of his lease.
References in periodicals archive ?
3% of new leases for tech/creative firms with move-in dates between January 2013 and April 2013 were subleases; In contrast, subleases for traditional tenants comprised just 15.
In contrast, during the current softening in the sublease market developers have continued to kick off new projects as the construction pipeline passed the 100 million-square-foot mark during the second quarter of 2008 for the first time since 2001.
Having economically defeased both its rental obligations under the sublease and its fixed payment under the fixed payment option, FM keeps the remaining portion of the headlease prepayment as its return on the transaction.
Coincidentally, as you've seen sublease space dwindling down, you've seen pricing go up," Turchin said.
Grizzled real estate veterans recognize that timing plays a crucial role in sublease outcomes.
The quantity of marketable sublease space that is available is important because sublease space accounts for about 30 percent of the entire Manhattan office market and is generally priced below direct office space.
Note: Sublease is the situation most commonly encountered by real estate professionals, and for the purposes of this article the subsequent terms "sublease", "sublessor" and "subtenant" refer to both sublease and assignment.
Since we expect our growth to take place primarily outside Atlanta, we were pleased to be able to sublease our excess space, which has almost 5 years of its lease term remaining," said Lewis Jaffe, Verso's President and Chief Operating Officer.
The only floor that AllianceBernstein currently has available for sublease in 1345 is 31, a space that is it marketing through a CB Richard Ellis team led by one of the CBRE's top New York executives, Bob Alexander.
Between July and December 2008, available sublease space in Manhattan rose to 11.
Historically, sublease rents have been less volatile.
NEW YORK -- Trizec Approves Morgan Stanley Sublease at Same Property