Average buyout for commercial lease?

I have a 5 year commercial lease at $1200/month. I am one year in and would like to leave the property. I understand there is no option to terminate and I am responsible for the remaining term. I have the space posted looking for reassignment or sublet which would be best case scenario, but can someone please tell the average buyout for a commercial lease? Thanks.

You are at the mercy of your property owner/landlord for this one. Yes, you are on the hook for five years of lease payments.

Check the terms of your lease to verify your options for subletting the property. You should ask your landlord if s/he can give you any options.

You never know, they might have had someone inquire about the property recently, so maybe, they can let you off the hook.

If you have a legal reason for leaving the property due to some uncorrectible fault or error of the owner/landlord, that could give you an out.

You didn't state your reasons for wanting to leave, so I am only guessing. If your business has failed/is failing, and you didn't provide a personal guarantee, you don't have to worry about recourse.

Good luck!

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