Reconfigure and sub-leaseThe coronavirus has been an unprecedented catalyst for changing how people work. The biggest change being more and more people working from home. With fewer people in the office, many businesses are reconsidering their physical office space requirements. Instead of breaking your lease, it’s possible to reconfigure your office and sublease part of your space. If you are downsizing your office space, or think reconfiguring the floor plan and sub-leasing part of your space, there are some things you should consider:
- Check your lease agreement: you’ll need to make sure you’re allowed to sublease under your current terms.
- Talk to a professional office fit out company: They’ll be able to help you to plan your new office space in a way to maximise space, both for yourself and your sub-lease.
- Work out the likely revenue: To work out your square metre rate it’s a good idea to research rates for comparable sites or speak to your letting agent.
- Carefully screen your applicants: Not only will you likely be in close proximity to your new tenant, but you’ll want to make sure they can pay the rent, won’t be too disruptive and will look after the space too.