Everything was moving along according to plan.
Your firm locked in an office lease for space that aligned perfectly with both its immediate and long-term needs. It was the team's second home - a place where your business operated on a daily basis and was set to grow for years to come.
And then came 2020.
Almost overnight, that same office space emptied out and quickly became one of your largest liabilities:
underutilized & costing a fortune.
If the above sounds familiar, it may be worth exploring a Lease Buyout.
In simplest terms, an office lease buyout is a mutually agreed upon surrender and termination of space.
With the complexities created by the pandemic and its direct impact on many firms finances, lease buyouts have become increasingly common in today's market and should be considered by firms re-evaluating their space needs.
Below are some of the benefits and variables on both sides: