Reducing your business's real estate footprint?
Consider a full lease disposition via Sublease.
Cresa is the world’s most trusted occupier-centric commercial real estate firm. We exclusively represent commercial tenants and solely focus on finding the best office space that drives superior results for your business.
Cresa Ottawa is helping clients reduce their operational costs by subleasing part of their office space, amidst the current situation. Many commercial tenants are rethinking the amount of office space they need, either because they’ve had to lay off part of their workforce, or they are learning that many of their staff members can do much of their work remotely and efficiently—or both.
BENEFITS OF SUBLEASING OFFICE SPACE AS A TENANT/SUBLANDLORD
A full lease disposition via sublease will prove beneficial from a cost-recovery perspective, as a subtenant can greatly mitigate all or a portion of your rent and operational costs.
One of the many concerns we heard from tenants is that - will they be able to get the space back once the market is back to normal, or do they lose the prime location permanently? The fact is if the language on your lease is right, you, the head tenant, can come back, in most cases, you will have the right to renew your lease.
IMPLICATIONS OF THE CURRENT SITUATION
It's a busy market.
As market observers, including Cresa, anticipate space to continue to return to the market, you, as the tenant who wants to get rid of your space via sublease, will want to get ahead of the next “wave” of space and maximize your sublease exposure.
Time is key to success in real estate, the sooner you make the decision of subleasing your space, the better for us to help you market and escalate the competitiveness of your offering.
Considering subleasing your office space? Start saving money on your rent!
OUR ABILITY TO MARKET YOUR SUBLEASE
With a fully staffed content production and marketing team, Cresa can guarantee increased exposure to your space through organic and paid marketing strategies. See examples below:
Creative social media ads and posts on Google and LinkedIn
Creative video to showcase your space
Immersive virtual tours of space - Viewers are shown to be 300% more engaged with a 3D virtual tour than they are with 2D imagery.
To maximize the exposure of your sublease space, we also manage to upload your sublease to various traditional listing sites (MLS), including Spacelist, Costar, and Ottawa Real Estate Board, which other commercial real estate brokerages won't be able to do.
Sample virtual tour of space - 99 Metcalfe St. Ottawa
As a result of the pandemic, there have been several notable companies that have brought sublease offerings to the market. This includes 4,400-square-foot space in the Central Business District (Already subleased), 1,618-square foot space in Kanata (Already subleased), and 6,618-square foot space in Belfast/Sheffield (Newly listed).
Click here to browse other subleases available at Cresa.
CRESA IS HERE TO HELP!
How can Cresa help you find and secure the best sublet space?
In an extremely challenging period like the one we’re currently experiencing, it’s important to remember that going it alone is rarely beneficial. Making use of the trusted team members around you is always the best bet. Because a tenant representative doesn’t have direct listings that would potentially compete with subleases they take on, they can solely focus on helping companies to find and secure the best sublease space as soon as possible. This has repeatedly proven to be advantageous for all parties, ensuring a solid, worthwhile deal for everyone involved.
Cresa is the world’s most trusted occupier-centric commercial real estate firm. We strategize for the best possible results for occupiers everywhere. We think beyond space. Partner without conflict. And apply our integrated expertise to make your business better.