Company A had leased 5,000 square feet of office space but due to WFH arrangements and they no longer required that much space. They were looking for ways to reduce expenses and saw that they had a lot of empty space they were not utilizing and still paying for. They calculated that they now only needed about 3,200 square feet of space for their business office. They also wanted to see about upgrading their address.
Company B currently had 3,300 of square feet of office space, but they had been on the verge of out growing their space. They realized that they would need close to 5,000 square feet due to new employee spacing requirements – so their current space just did not work for them. They needed more space.
Both companies had entered their information into TradeAddresses.com and the system identified them as a potential match. After viewing photos and layouts, as well as a virtual walk-through, both parties agreed that the spaces would work for a trade.
TradeAddresses.com then worked with each party and the landlords, and very shortly, the two offices were traded. In this case, they chose to execute subleases with each other.