A grant of occupancy from the prime tenant to a sub-tenant.

  • A grant of occupancy from the prime tenant to a sub-tenant.
  • Under a sublease, the prime tenant remains contractually liable to the landlord.

Sublease

Lease structure · Global

Short definition

A grant of occupancy from the prime tenant to a sub-tenant.

Full definition

Under a sublease, the prime tenant remains contractually liable to the landlord. Sublease typically requires landlord consent. Sublease economics in soft markets typically clear at a 25-40% discount to direct space.

Why this matters for Class A leasing

Sublease is part of the lease structure vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.

See also

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