A Comprehensive Guide To Subletting Your Office Space

Subletting your office space can be an excellent way to generate extra income and promote opportunities for networking and growth. Finding out everything you need to know about subletting your office space will help ensure you don’t encounter any surprises along the way.

Understanding the Benefits of Subletting for Office Space Owners

For most office space owners, the key benefit of subletting office space is financial. Surplus space that isn’t otherwise used can help to generate extra income which you can use to further your business goals.

Office space owners can also use the income generated from subletting their space to help pay for shared facilities and everyday expenses.

Assessing Your Office Space for Subletting

If you’re considering subletting your office space, it’s important to take the time to assess the suitability of it for others to use.

You’ll want to consider how accessible the office space is that you plan to sublet. Separate entrances or sectioned off areas are usually preferred by subtenants as they help to provide a certain level of privacy.

It’s also important to work out how subtenants will access the essentials that they will need to work efficiently. This could include ensuring that they have sufficient plug points and access to power supply, as well as a space that is well designed in terms of desk and furniture configuration.

Preparing the Space for Subtenant Occupancy

It’s important that you prepare for subtenant occupancy by making sure that office space is clean and safe.

Beyond this, you need to consider that first impressions count. You may want to think about checking over paintwork or correcting stains that exist in the office space - alongside adding some aesthetic touches such as hung artwork or low maintenance plants.

Once you have a well-presented office space to sublet you’ll be ready to move on to the task of finding the right subtenants to use it.

Utilizing Online Listing Platforms

By making use of online listing platforms such as Spacepool, you will be able to reach a much wider range of potential individuals and businesses looking for additional office space to use.

Listing platforms aim to make the process as clear and easy as possible for you to use, however there are a few things you can do to help make your listing stand out.

Always ensure that you have high quality images taken of the office space that you want to sublet. Using these on online listing platforms will help present the right image and attract the best subtenants.

Make sure that all the information you provide is accurate and up to date. This includes everything from the sq ft measurements of the office space being offered, to the shared facilities and common areas that subtenants will have access to.

Negotiating Sublease Terms and Agreements

Ideally you should try to be as flexible as possible when it comes to negotiating sublease terms and agreements to accommodate the needs and requirements of subtenants.

Try to communicate openly about how long the individual or business is able to commit to financially and the length of term they’re looking for. Clear communication from both parties will help to ensure that an agreement is reached to suit everyone.

Providing Value-Added Services and Amenities

It’s likely that your current office space is already utilising value added services such as high speed internet and printing. By providing this type of service to potential subtenants you will be helping them to save time, effort and potentially money long term.

Amenities such as parking or tea and coffee making facilities are also highly valued by subtenants. Subletting office space that also provides this type of benefit will help to draw in businesses and individuals looking for a great place to work.

Offering Shared Facilities, Utilities, and Access to Common Areas

As well as value added services and amenities, consider the facilities and common areas that you are also able to offer anyone who sublets your office space.

If you have meeting rooms or break out spaces that are often unused, subtenants can make use of them - providing opportunity for growth and potential for collaboration.

You may have a front desk or reception area who welcome clients to your office space. Subletting office space that has facilities such as this already in place sets you in an excellent position.

Enhancing the Subtenant Experience with Spacepool

When subtenants are searching for office space to sublet, there’s a strong likelihood that they’ll be short on time and keen to find the right place for them to start working efficiently as soon as possible.

Spacepool can help to enhance the subtenant experience by making things quick, easy and stress free.