Subleases and Renewals, Oh My!

In today's interview, my guest is Rich Colucci, Owner of Distinctive Offices. We talked about two of the biggest trends we are currently seeing in the New York office market- subleasing and renewals.

Regarding subleasing, more and more space is becoming available every day. 3 Million square feet in the last 60 days. For tenants looking to sublease their space, it's highly competitive. Rich offers some helpful tips on what you can do to make your space more marketable and attractive. Ultimately resulting in subleasing your space faster!

If renewing, you are in many cases, entitled to some refreshed space. Rich shares his biggest pieces of advice when renewing and looking to refresh your offices. He also offers insight into the best ways to refresh your office and how much to ask per square foot for an allowance from your landlord.