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ARTICLE · 26 APRIL 2012

Subleasing - There Is More To It Than You Might Think

McGuireWoods LLP
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Life sciences companies with a surplus of laboratory or office space, or start ups that are willing to sublease "just a little space," might be tempted to sign a generic sublease with a willing subtenant, or sublandlord, without considering the potential risks or missed opportunities.

United StatesReal Estate and Construction
Dorothea Dickerman
Dorothea Dickerman

Life sciences companies with a surplus of laboratory or office space, or start ups that are willing to sublease "just a little space," might be tempted to sign a generic sublease with a willing subtenant, or sublandlord, without considering the potential risks or missed opportunities. In the current market, space available for sublet is increasing as sublessors (prime tenants) look to shed excess space, while businesses (potential subtenants) are seeking shorter terms and lower rents in what they hope will be better space than what they could afford a year ago.

Some clients may be tempted to give subleasing even less attention than "regular" leasing because "it is just a sublease." We beg to differ.

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