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Occupancy Cost Management in Tough Times A Focus on Subleasing

In the current economic climate cost reduction is the critical priority for all corporations. However, Corporate Real Estate (CRE) costs can be difficult to scale back quickly given commitments on leased office space are usually long term. That most organisations today are operating on much leaner office space ratios than 10 to 15 years ago presents a greater challenge for optimisation. However, sub-leasing, if done strategically, represents an avenue to bring down overall occupancy costs. Sub-leasing is not just a real opportunity to bring down overall rental cost quickly, but also reduce in outgoings and utilities that could produce additional savings.

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