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It certainly sounds good. Find another entrepreneur to share your space, and you'll cut rent and overhead costs significantly. Read More »
Source: /guides/subletting-space-for-beginners-31096/
Subletting space is not a recommended venture for your business to undertake. However, it sometimes becomes necessary if you have to relocate in a hurry or realize you've rented more office space than you need. Read More »
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In today's real-estate marketplace, subletting space is a viable way to obtain the property you need to conduct your business while offsetting the costs. There are a couple of ways you can go about achieving your real estate goals for your business while earning money on unused space.
When you are looking for spaces to rent, keep in mind that renting a much larger space may not increase your costs proportionately. You might be able to rent twice the space you need for less than twice the cost. Then, with some creative reorganizing, you can sublet the extra half for slightly less than what you are paying for the amount of space you are utilizing. If you combine the total, your actual rent is decreased by a certain percentage each month.
Before you decide to sublet part of your space, however, you will need to ask your real estate professional a couple of specific questions. First, are you permitted to sublet any of the space you are renting and still remain in compliance with your rental or lease agreement? Secondly, are you permitted to make physical changes to the space in order to split the property into two or more units for the purpose of subletting?
Once you have determined the answers to these questions, you can crunch some numbers and determine if subletting space in your facility will help your bottom line.