Benefits of a Commercial Sublease

The president of BBPC & Associates, Inc., an Annapolis, Maryland-based real estate development and financial advisory services firm, Tom Cole has provided research and analyses for military, commercial, residential, and industrial real estate projects. In addition to that, Tom Cole oversees the negotiation of all real estate transactions, such as leases and subleases, for the Annapolis-based company.

Below are several benefits of a commercial sublease:

- Shorter commitments: Compared to a standard commercial lease, which requires a commitment of several years, most subleases are arranged for a period of a few months to a year. This makes it a great option for companies that might grow quickly or have an uncertain future.

- Cheaper: Since subleases use extra space that a tenant doesn’t need, the rates are often lower than average for the market. As far as the sublessor is concerned, getting some money is better than wasting the space and bringing in no extra money. Subleases are also usually easier to obtain since the landlord is already being paid for the space.

- Finished space: When the primary contract for a commercial space was signed, the initial tenant most likely completed any improvements necessary and furnished the area. As a result, subletters usually receive a finished and furnished space when they sign a sublease.