top of page

Subleases Galore

  • Derek Hermsen
  • Jul 27, 2020
  • 1 min read

It's happening. The subleases are pouring onto the market. The effects of COVID coupled with an already slowing commercial real estate market is creating a wave of supply of office space in Seattle. Union Street Corporate Real Estate, LLC is receiving frequent inquiries from clients on both sides of the fence: wanting to sublet their own space or wanting to find a short term solution.


With all the uncertainty surrounding various industries, committing to long term leases is difficult for many; so evaluating sublease opportunities is now very common. Subleases are usually shorter term and have lower rents.


On the flip side, many professional service firms have realized that working remotely is pretty easy and that leveraging the smorgasbord of cloud services available to them, they may not need to maintain as much of a physical presence. Remote working can reduce small business costs and create some efficiencies: no rent, no parking costs, no commute, more time, etc. Also, downtown Seattle is not a pleasant place to be right now. It's a ghost town with zombies roaming the streets. Retail is shot; windows boarded up; demonstrations - no thanks! Silver lining: commutes are fast and the office is quiet!


Each industry and company is different obviously, so a lot of due diligence and expertise needs to go into this evaluation of office space. Please feel free to contact Union Street if you want to explore the myriad of possibilities in today's office market. We can unload your space, or find a new one, or use today's instability to leverage a great renewal, whether long or short term.


Visit our website to see some sublease opportunities:

www.unionstreetcre.com/sublease-listings

 
 
 

1 Comment


fareeha fareeha
fareeha fareeha
Feb 23

This is a fantastic post! I love how you covered the topic in detail and provided useful insights. Your writing is easy to follow, and the structure of the post makes it very reader-friendly. The examples and explanations you included really helped me understand the subject better. I will definitely be sharing this with others. Keep up the amazing work, and I look forward to more of your content! แบบการ์ดแต่งงาน

Like

VISIT

1415 Western Avenue

Suite 400

Seattle, WA 98101

FOLLOW

  • LinkedIn Social Icon
  • Facebook Social Icon

CONTACT

© 2021 by Union Street Corporate Real Estate, LLC

bottom of page