When You Don’t Need Space Anymore
When business is down and you need to downsize, you might consider a sublease. Also consider approaching your landlord about a lease buyout or rent reduction of some other sort. The leasing market is miserable and your space may not lease at any price. Your landlord, on the other hand, would rather have some income than no income at all and may be amenable to giving you some relief. Work both ends to identify the best opportunity for savings. A broker can help.
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Tags: sublease
