Prime Manhattan Realty has up-to-the-minute information on Manhattan's dynamic commercial sublet market. We are experts in subletting commercial space in New York, and have a long track record of finding our clients tremendous values on commercial sublets.

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If you are looking for a short term office rental or just want a bargain, consider a commercial sublet. When companies relocate or downsize before the end of a commercial lease, they find themselves in a tricky situation. They must choose between a cash settlement with the landlord releasing them from the agreement, paying rent on empty space or offering a commercial sublet. When an organization’s initial lease includes provisions allowing a commercial sublet agreement, it is almost always in its best interest to find a sublessor.

In the vast majority of case, commercial sublets are offered at a significant discount, up to 75% of the original lease rate. Clearly, that's a big bargain. The trade-off, of course, is that the lease term will end in a short period of time and need to be renegotiated. But if it meets your business needs, subletting commercial space can be great for your company's bottom line. Generally speaking, the commercial sublet lease market reacts inversely to economic trends. When the economy shrinks, more subleases become available. Downturns are the best time to get a deal.