The KNOG

Office Space that talks turkey..for Thanksgiving carve off a piece of Meatpacking District History @ 426 w 14th St.

Nov 21, 2018 12:01:18 PM / by George Grace posted in Meatpacking Office Space, new york real estate, Tenant Representative Brokers, Tenant, Subtenants, Sublease, Rental Market, Real Estate Broker, Office Space

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Subleasing, Subtenants, and Sub-Optimal Lease Durations

Sep 30, 2016 1:03:40 PM / by George Grace posted in Sub-Optimal Lease Durations, Subleasing, Subtenants, THE KNOG

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Subleasing, Subtenants, and Sub-Optimal Lease Durations

When looking for short-term space, a sublessor’s interests compete against the interest of its potential landlord.

I’ve been working with a client who has been seeking a lease for a short term (i.e. under two years). The best possible scenario is a sublease from a tenant who has the extra space on a short-term basis. For the sublessor, it is found money, and for the subtenant, it gives them the short-term space they need. Additionally, the subtenant does not have to carry the burden of the liability that comes with a long-term arrangement. 

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