Does your company have unused office space? Subletting surplus or expansion space can help reduce costs, promote sustainability, and generate new revenue.
Many businesses in Oslo and the surrounding areas currently occupy more office space than they need. This can result from reduced staffing, hybrid work models, or leasing extra space in anticipation of future growth. Instead of letting those square meters sit empty, you can sublet them to other businesses—creating value for both sublessor and tenant.
Subletting surplus space isn’t just financially smart; it also promotes more sustainable use of commercial real estate. By maximizing the use of existing premises, there’s less need for new construction or vacancy—benefiting both the environment and your bottom line.
Why Sublet Surplus Space?
If your business has unused office space, subletting allows you to:
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Reduce fixed rental costs
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Create new revenue streams
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Adapt to changing needs without terminating your lease
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Contribute to more sustainable use of office space
At the same time, tenants gain access to attractive office locations with flexible terms—an especially appealing solution for growing SMEs and startups.
Subletting Options
Subletting can be organized in several ways depending on the size and layout of your space:
1. Establish a Co-working Environment
If you have a larger space, you can consider setting up a co-working area. This allows multiple companies to share amenities like meeting rooms, kitchens, and reception areas. For the sublessor, this can result in higher revenue per square meter and foster a vibrant, collaborative work environment.
2. Sublet to a Single Tenant
If your space is smaller or less suited for sharing, a more traditional sublet to a single tenant may be more practical. This setup offers a simpler lease structure and more predictability.
3. Divide and Sublet to Multiple Smaller Tenants
If the premises can be divided, you can sublet to two or more smaller tenants. This provides flexibility and expands your potential tenant pool.
Should You Use a Commercial Real Estate Agent?
Subletting can be more complex than it appears. In most cases, working with a commercial real estate agent is a smart move. A qualified broker can assist with:
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Planning and facilitating the subletting process
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Marketing the space professionally
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Accessing relevant tenants through established networks
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Drafting secure, robust lease agreements
Many businesses simply lack the time or expertise to handle this effectively themselves. A broker can help speed up the process, reduce risk, and improve profitability.
Frequently Asked Questions (FAQ)
What’s the difference between surplus space and expansion space?
Surplus space refers to office areas a company no longer needs—for example, due to downsizing or remote work. Expansion space is extra room leased in anticipation of future growth, which may currently be unused.
What types of businesses are ideal tenants for subleased space?
Subletting is especially relevant for small and medium-sized businesses, startups, consultants, and growing firms that want affordable and flexible office space without long-term commitments.
Can I sublet part of my premises without violating my lease?
In most cases, subletting requires consent from the property owner. It’s important to review your lease and obtain written approval before proceeding with a sublet.
How much does it cost to hire a commercial real estate agent?
Fees vary depending on the service scope and agreement. Brokers typically charge a fee based on the rental value or a fixed amount. For many companies, the investment pays off in quicker placements and better lease terms.
How should I prepare my office space for subletting?
Start by assessing the layout, accessibility, and technical standards. If possible, divide the space clearly, and offer basic amenities like internet, kitchen access, and meeting rooms.
About the Author
This article was written by Simen Strandos, advisor at Spacefinder. He specializes in helping small and medium-sized businesses find or lease out office space.