LONG ISLAND’S LOW-COST OFFICE BUILDINGS
Office Subleases: What You Need to Know

Subleasing office space is akin to finding a suit or dress on the “sales rack” and discovering it fits perfectly! Not only have you solved an immediate problem, but you saved a ton of money.

Like the sales rack, many office subleases are significantly “below market,” and come with the opportunity of moving into a class-A office building at a fraction of what the other tenants are paying. Furthermore, many subleases are generally pre-wired, include furnishings and telephone systems.

Generally, overtenants soon learn their sublease’s market value is disproportionate to the time remaining on the lease. Accordingly, overtenants usually end up unloading their office space at 60%, of their aggregate rent.

Then again, subleases are not all “peaches and cream.” Subleases can be complicated because they are contracts wrapped within another contract, i.e., the overlease. For example, subtenants must abide by the terms of the overlease, but the overtenant retains the contractual relationship with the landlord. If the subtenant has a problem with the premises, building services, parking, etc., it is the overtenant that must speak to the landlord. Accordingly, be sure to have an expert to help you.

NASSAU

Lake Success

lake success Sublease Office Space5,620 Sq. Ft.

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Mitchell Field

mitchell field Sublease Office Space5,230 Sq. Ft.

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Mitchell Field

mitchell field Sublease Office Space2,135 Sq. Ft.
8,000 Sq. Ft.
32,200 Sq. Ft

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Jericho

jericho Sublease Office Space9,233 – 20,000 Sq. Ft.

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Garden City

garden city Sublease Office Space2,399 Sq. Ft.
“Submit Offer” + elec.

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SUFFOLK

Melville

melville Sublease Office Space6,760 Sq. Ft.
9,232 Sq. Ft.

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Melville

melville Sublease Office Space14,750 Sq. Ft.

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Melville

melville Sublease Office Space2,126 Sq. Ft.
11,007 Sq. Ft.
16,750 Sq. Ft.

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Melville

melville Sublease Office Space6,359 Sq. Ft.

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Melville

melville Sublease Office Space2,500 Sq. Ft.
3,033 Sq. Ft.
14,496 Sq. Ft.

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