CBRE launches web marketplace for corporate sublease space.

CB Richard Ellis Group, Inc. announced the launch of www.greatleasedeals.com, the first website to contain listings of quality corporate sublease space across the country.

With more than 5 million sq. ft., GreatLeaseDeals.com has the largest aggregated inventory of premium corporate sublease space in the United States, easily searchable by market, region, square footage and price.

GreatLeaseDeals.com, which is owned and operated by CB Richard Ellis, features discounted space from CBRE's extensive roster of blue chip corporate clients and was developed by the firm's Global Corporate Services practice, which plans, executes and manages real estate operations and portfolios on behalf of companies worldwide, including 85 of the FORTUNE 100.

"GreatLeaseDeals.com is the first and only website of its kind," said Jim Wilson, a senior managing director in CBRE's Atlanta office who helped oversee the project. "For tenants in the market, there's no easier way to find premium sublease space available immediately at a competitive price. For corporations needing to dispose of space, this new offering provides a quick and effective solution."

Corporate real estate managers are expected to continue to reduce occupancy related costs, a task made even more challenging by the rapidly rising rents in many U.S. office markets. GreatLeaseDeals.com provides corporations with a wide variety of below market leasing opportunities, while offering maximum flexibility for tenants who don't want or need traditional lease terms.

Visitors to GreatLeaseDeals.com can see a brief summary of each sublease opportunity. The site provides online transparency for customers, and delivers speed to market for companies looking to dispose of space. GreatLeaseDeals.com's best practice approach includes value proposition pricing, which enables users to review potential savings prior to contacting a sales professional. The site also provides rapid negotiation and pre-approved deal terms, which can help expedite lease negotiations and move in schedule.

To post space on GreatLeaseDeals.com, companies must be clients of CBRE. The site currently features prime sublease space from 63 top commercial real estate markets in 33 states.