Attorneys, CPA’s and
Financial Planners
Subleasing Excess Private Offices
Do you occasionally have an
excess office (or two) that you would like to sublet either for future
expansion for your own firm, or to bring synergistic new business and
capabilities into your operation?
What is the easiest methods
to subleasing these offices? How do you
locate the right subtenant and not have wasted rent going down the drain if the
office just sits empty?
The following are helpful
ideas
·
Prepare a flyer
for your available space, showing the building photo, location, list amenities
(i.e. is there an on-site deli, exercise facility, is it walking distance to
BART, etc.)
·
Ballpark pricing
depending on what you include with the space.
If the professional gets a 150-180 rsf office, use of lunchroom,
conference room, receptionist, access at additional charge to secretarial
services, copier, then for very nice Class A location you might charge
$800-$1,200/month. Less for less
amenities/quality
·
Incenticize a
staff person, offer them 50% of one months rent to go out on their own time,
door-to-door, in local neighborhood handing out the flyers and following up on
inquiries
·
Have a contact
software system set up with office manager names and mailing addresses, for all
the law firms or CPA’s or financial planners in your area. When you think you may have a vacancy come
up, hit a button, print out the labels and send out the mailer
·
Post on Craigs
List. Don’t advertise in local papers as
too expensive and not cost effective
·
Look for
synergistic and correct-chemistry subtenants.
Get new business in addition to rent!
If
you have found this information useful or if you have other ideas you’d like to
share, please e-mail me Jeffrey Weil, at jweil@colliersparrish.com
Thanks,
and good luck!
Jeffrey
S. Weil, SIOR, MCR.h, CCIM
Senior
Vice President
Colliers
International
1850
Mt. Diablo Blvd.,
Ph.
925.279.5590 Fax 925.279.0450
jweil@colliersparrish.com