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If you need office space, but not sure how much or for how long

Nov 12, 2020 | Posted by Jeff Weil | California Economics, Commercial and Business Insurance, Commercial Real Estate, Newsletter, Office Furniture, Office Furniture Vendors, Office Space, Pandemic, Real Estate Landlords, Sublease, Tips for Tenants, Trends, U.S. Economics, Workspace |

One idea is, using your exclusive tenant rep broker, to go after office subleases that might be much larger than your initial requirement but can accommodate your growth longer-term, and then make aggressive offers (yes, I know this will irritate some listing  agents) 50% or even 25% of asking…in today’s market there may be Sub-landlords willing to get something which is more than the nothing many of them will end up with. Your broker can also ask for a termination option if the space doesn’t work out, is still too large, or something else changes. A Sub-landlord may consider this to be preferred over having the space just sent vacant and no sublease rent coming in. This may not work in all markets, but where there is a deluge of office sublease space it may be worth the effort!

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Jeffrey Weil, CCIM, MCR.h, SIOR

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Contact Information:

  • Jeffrey Weil
  • Colliers International
  • 1850 Mt. Diablo Blvd., Suite 200
  • +1 (925) 279 5590
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Contact Information

  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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