Excess Space, a Newmark Company, is a pioneering consulting firm established in 1992, focusing on real estate disposition and lease restructuring specifically tailored for retailers. With over 30 years of industry experience, Excess Space has positioned itself as the leader in a niche market, effectively helping clients reduce occupancy costs through innovative solutions.
The company exclusively represents more retail real estate—both leasehold and fee simple—across the United States and Canada than most competitors. Notably, it boasts a disposition and restructuring rate that is two to four times faster than the industry average. Excess Space has worked with over 200 national and regional retailers, leveraging its extensive experience to save clients more than $6 billion through effective capital management and operational efficiencies.
Excess Space employs a comprehensive approach to customize programs that meet the unique needs of its clients, enhancing the value of their real estate assets. The firm offers a wide array of services, including sourcing opportunities for surplus properties, expediting sales and leasing of owned properties, executing bulk sales, and providing best-in-class lease restructuring services.
In 2015, Excess Space was acquired by Newmark, enabling it to tap into a more extensive platform for client services while maintaining a commitment to superior service in its specialized field. The merging of resources allows for unparalleled local market awareness through a national network of over 600 brokerage companies, facilitating a hands-on approach to meet clients’ specific needs.
At Excess Space, a strong emphasis is placed on innovation, agility, and a customer-centric focus, ensuring that clients receive dedicated attention and tailored solutions for their real estate challenges. This commitment is evident whether managing a single location or handling a large portfolio, demonstrating the firm’s unwavering dedication to maximizing client success.
