5 Easy Steps on How to Sublet Office Space in Australia

Why You Should Consider Subleasing Your Unused Space?

Subleasing helps businesses in many different ways. Sublessors gain additional revenue from a portion of the office space they no longer use. The projected revenue is bigger if sublessors are subleasing their whole workspace for some reason, such as the inability to shoulder the workspace cost and shift to other work arrangements. 

Moreover, subleasing allows businesses to explore more flexible work options for their team. As they sublease their entire workspace, they can opt for a hybrid setup in a coworking space or fully remote work supported by a virtual office.

These are just some of the advantages that a sublet space can offer your business. If you're interested in learning how to sublet office space, here is a step-by-step guide;

Step 1: Determine the Underutilised Areas

Are the furnishings arranged efficiently? Are there unnecessary office decorations taking up valuable space? Consider these factors when reassessing the layout of your leased office space.

This layout evaluation will assist you in optimising underutilised areas in your office. In maximising workspace efficiency, there are four pro tips that you can keep in mind;

• Consider installing office dividers to create distinct functional rooms. If you still require office space but are contemplating subleasing a portion, think about allocating at least half of your office for subletting.
• Take advantage of the height of your walls by installing vertical and centralised cabinets instead of individual shelves for each employee. 
• Reposition your furniture to minimise grey areas in your workspace. Grey areas are typically underutilised parts of your workspace.
• Dispose of unnecessary office decorations that serve no functional purpose and only take up valuable workspace.

Step 2: Re-assess Your Contract with the Landlord

Keep in mind that subleasing may not be permitted in some cases. Certain landlords may not authorise tenants to sublease their office space. Therefore, it is crucial to carefully review the contract to determine if subleasing is allowed. This ensures adequate protection for the future tenancy of your sublessee.

Additionally, assess whether the remaining tenancy period for your leased space is suitable for subleasing. If there is still a considerable amount of time left on the lease, it is considered favourable to consider subleasing your unused office space.

Step 3: Transform the Unused Space Into a Presentable One

Cleanliness and organisation are common factors that workspace-seekers consider when looking for an office space. Hence, making your office space presentable and marketable is necessary before seeking subtenants.

Here are some simple tips to make your unused space a standout option;

• Dirt, cobwebs, poor lighting, and unused furniture can make your space seem like something out of a horror movie. Clean the office space thoroughly to ensure you don’t leave behind any traces of dirt or cobwebs. After all, you want to impress your tenants, not scare them away!
• Declutter by removing unnecessary materials that can overwhelm the senses.
• Enhance the workspace’s interiors and organise it to make it seem more professional and attractive, appealing to potential tenants.
• Consider redesigning or introducing concepts such as biophilic design, which incorporates eco-friendly and sustainable elements to promote environmental consciousness within the workspace.

Step 4: Create Your Sublease Rental Agreement

When it comes to terms and conditions, sublessors can draft their agreement or utilise the existing contract signed with the landlord. The advantage of creating a new contract lies in the ability to incorporate additional conditions into the agreement.

If you opt to draft your sublease rental agreement, here are some key points that you must not miss out on;

• Description of the Property
• Landlord’s Consent
• Security Deposit
• Amount of the Subleased Office Space
• Penalty for Late Fees

Step 5: Market Your Office Space

Once you’re done setting up your spare office space, it's time to market it! Start by reaching out to your neighbours within the building to gauge their interest or ask for recommendations.

You can also leverage the power of social media marketing to generate leads for your office space. However, if you're seeking the best platform for subletting your office space, Office Hub is the ideal choice!

Office Hub is the world's leading provider of flexible office spaces. We offer hundreds of thousands of office listings, including sublet spaces, coworking offices, virtual workspaces, enterprise suites, private offices, and shared spaces. Keep reading below to learn how you can list your office space with us!

Is Subletting Illegal in Australia?

Subletting is legal in Australia. No law explicitly prohibits the act of subleasing, unless stated otherwise in the original contract by the landlord. However, it is crucial to assess not only the contracts but also, the specific legislation about subleasing imposed by each state and territory government in Australia.

Moreover, risks associated with subleasing are also something you should be proactively aware of. Here are some of the most common risks of subleasing;

• If the sublessor violates the restrictions outlined in the original contract, it may result in legal consequences, such as lease termination.
• If the sublessee fails to adhere to the responsibilities and fees specified in the contract, the sublessor may be held accountable for paying the dues and compensating for any damages caused by the subtenant.
• Selecting the wrong sublessee (e.g., a subtenant engaged in illegal activities) could significantly tarnish your reputation.

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How to Sublet Office Space with Office Hub?

Subleasing is indeed a smart way to repurpose our spare office space. If you want to sublease your unused space, Office Hub is here to give you a hand! 

Here’s a quick guide on how to sublet office space with Office Hub;

1. Go to our www.office-hub.com/au and select “List Space.” Under this tab, select “Add Listing.”
2. Click “Get Started” and provide the required information in the form.
3. Once done, our pool of flexperts will work their magic to find the perfect tenant for your sublet space quickly.