Sublease & Disposition

Cresa carefully studies your business strategy and pairs the insight we gain with our thorough local market knowledge to identify and effectively manage the disposition of excess real estate. Whether a few floors of surplus space, an entire building, or an opportunity due to a consolidation, acquisition, or relocation, Cresa's advisors aim to minimize uncertainty, maximize value, and lower your operating costs. Our goals synchronize with yours as we develop and implement the optimal approach in the sublease, termination, or sale of your real estate.

That is The Tenant’s Advantage.

Evaluate Existing Space in Accordance with Business Strategy

A successful strategy for subleasing or disposing of excess space requires having a complete understanding of the form and function of existing real estate. Cresa works with you to determine if there is a surplus and, depending on your needs, helps you find and engage the right subtenants. Cresa applies a formalized process whereby our experts will:

  • Conduct a comprehensive needs analysis
  • Identify space available for disposition
  • Develop marketing collateral to attract prospective subtenants
  • Supervise discussions with existing landlords to discuss termination and/or direct deals for prospective subtenants

Manage Disposition Process from Analysis to Negotiation

Disposing of real estate is a complex process that requires the utmost attention to detail. Through financial analysis, market knowledge, and skillful negotiations we help to ensure that the outcome is fiscally and operationally sound. Our advisors have the expertise to apply keen judgment and advanced technology to simplify and speed the process. Trust Cresa to:

  • Analyze a target market of subtenants
  • Create sublease recovery models and sensitive analysis graphs for prospective sublease situations
  • Develop a marketing strategy that builds on well-defined price and time goals to maximize return
  • Implement marketing deliverables such as property brochures and direct mail to site users and brokers
  • Generate and prepare proposals
  • Lead negotiations for all aspects of the disposition, including letter of understanding, subleases, or assignments or buy-outs

Market and Sell Owned Facilities

When the business need is to sell surplus property, Cresa develops the right marketing strategy and works with you through closing to assure success. Our process is multifaceted and managed by seasoned advisors with the tools and support to:

  • Access thorough market studies and accurate property valuations as part of upfront analysis
  • Define a marketing strategy and program that efficiently and effectively targets prospective users and brokers
  • Produce proposals
  • Negotiate a letter of understanding and purchase and sale agreement