SUBLEASING SPACE IN RECORD TIME

The Challenge:

Our client was preparing to vacate their 26,000 square foot class A office in Atlanta however, they still had two years remaining on the lease with a significant rent obligation. Wildmor Advisors was engaged in subleasing the space as quickly as possible. In addition to a quick lease-up time, it was critical to mitigate the client’s risk by securing a good credit tenant.

The Solution:

A comprehensive marketing campaign was essential to reducing the time on the market, a key component of mitigating out of pocket costs for our client. After evaluating the market conditions, we determined a competitive sublease rate. We pinpointed the target market, optimized messaging, utilized multiple marketing channels, and deployed dynamic marketing techniques that, in turn, led to above-normal activity. While the average lease-up time for a space this size is eight months in Atlanta, our team successfully subleased the space in just four short months, resulting in significant savings for our client.

scope of services:

• Sublease Marketing Disposition