Subway

Senior Leasing Representative

Subway$80K — $95K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree required.
  • 5-8 years of commercial leasing, real estate, or asset management experience, preferably in QSR, retail, or franchised environments.
  • Strong expertise in lease negotiation, including complex financial structures and legal clauses.
  • Experience in market analysis and determining fair market rents.
  • Proven ability to manage high-volume portfolios with competing priorities.

Responsibilities

  • Oversee a portfolio of restaurant leases, proactively managing critical dates and obligations.
  • Lead lease renewals and renegotiations, optimizing occupancy costs and flexibility.
  • Identify and mitigate lease-related risks, including restrictive clauses and exclusivity conflicts.
  • Build and maintain strategic relationships with landlords and brokers for favorable terms.
  • Act as a trusted advisor to franchisees on lease matters, guiding them on obligations and opportunities.
  • Support closure mitigation strategies through negotiation of lease exits or restructures.
  • Partner with Real Estate team on site selection and lease structure guidance.

Benefits

  • Insurance Plans (Medical/Dental/Vision/Life)
  • 401k
  • Competitive Bonus
  • Mobility Allowance
  • Tuition Reimbursement
  • Company Holidays
  • Employee Resource Groups
  • Volunteering time
Full Job Description
About the Role:

This role is responsible for the full lifecycle management of a defined portfolio of restaurant leases across an assigned region or province. This role acts as the primary interface between the brand, franchisees, landlords, and brokers-driving value through proactive lease management, rent optimization, risk mitigation, and strategic real estate support.

Responsibilities include but are not limited to:

Lease Portfolio Management

  • Oversee a portfolio of restaurant leases, ensuring all critical dates, options, and obligations are proactively managed.
  • Lead lease renewals, extensions, and renegotiations, optimizing terms to improve occupancy costs and flexibility.
  • Identify and mitigate lease-related risks, including restrictive clauses, co-tenancy risks, exclusivity conflicts, and redevelopment exposure.
  • Maintain accurate lease records and critical date tracking within internal systems.

Negotiation & Financial Optimization

  • Lead rent negotiations, including base rent, percentage rent, CAM/TMI structures, and landlord contributions.
  • Execute lease liability negotiations, including early exits, assignments, subleases, and termination agreements.
  • Develop and leverage rent comparables, market data, and portfolio insights to inform negotiation strategies.
  • Partner with Finance and Development to evaluate occupancy cost ratios and portfolio performance.

Landlord & Broker Relationship Management

  • Build and maintain strong, strategic relationships with key landlords, REITs, developers, and brokerage partners.
  • Represent the brand in negotiations to secure favorable terms and long-term partnerships.
  • Act as the escalation point for landlord-related issues, including disputes, enforcement, and property concerns.

Franchisee Support & Advisory

  • Act as a trusted advisor to franchisees on lease matters, providing guidance on obligations, risks, and opportunities.
  • Support franchisees through renewals, relocations, and restructuring discussions.
  • Partner with cross-functional teams to align lease strategies with franchisee performance and market conditions.

Closures, Relocations & Risk Mitigation

  • Support closure mitigation strategies by negotiating lease exits, restructures, or temporary relief.
  • Lead real estate aspects of relocations, including lease terminations and new site negotiations.
  • Collaborate with Development and Operations to proactively identify at-risk locations and develop action plans.

Real Estate & Development Support

  • Partner with the Real Estate team on site selection, providing input on lease structures, landlord profiles, and market conditions.
  • Support LOI negotiations, ensuring alignment with brand standards and long-term flexibility.
  • Provide insights on trade areas, landlord quality, and deal viability.

Property Management & Issue Resolution

  • Support resolution of property-related issues, including maintenance disputes, CAM reconciliations, and landlord compliance.
  • Review and challenge landlord charges where applicable to ensure accuracy and fairness.

Industry Engagement & Market Intelligence

  • Represent the brand at industry events such as ICSC and other real estate forums.
  • Maintain strong awareness of market trends, landlord strategies, and leasing dynamics across regions.
  • Continuously benchmark portfolio performance against market conditions.

Qualifications

  • Bachelor's Degree required.
  • 5-8 years of commercial leasing, real estate, or asset management experience, preferably within QSR, retail, or franchised environments.
  • Strong expertise in lease negotiation, including complex financial structures and legal clauses.
  • Experience in market analysis and determining fair market rents
  • Demonstrated ability to manage high-volume portfolios with competing priorities.
  • Proven track record of delivering measurable value through rent reductions, lease restructures, or risk mitigation.
  • Strong understanding of Canadian commercial leasing practices, including regional nuances.
  • Experience working with franchise models and supporting independent operators is highly preferred.
  • Proficiency in lease management systems and financial analysis tools.
  • Bi-Lingual (English/French) capability an added asset
  • Real Estate Designations an added asset
  • Highly organized and self-motivated with the ability to manage workload independently and prioritize effectively.
  • Strong communication and interpersonal skills with the ability to work cross-functionally and engage franchisees professionally.
  • Ability to adapt quickly and manage shifting priorities in a fast-paced development environment.

What do we Offer?

  • Insurance Plans (Medical/Dental/Vision/Life)
  • 401k
  • Competitive Bonus
  • Mobility Allowance
  • Tuition Reimbursement
  • Company Holidays
  • Employee Resource Groups
  • Volunteering time
  • Many More...

Actual pay is determined based on a number of job-related factors including skills, education, training, credentials, qualifications, scope and complexity of role responsibilities, geographic location, performance, and working conditions.

Job Details

  • Pay Type: Salary
  • Employment Indicator: Regular

About Subway

Subway is a fast food restaurant chain that specializes in submarine sandwiches and salads. The company was founded in 1965 by Fred DeLuca and Peter Buck and is headquartered in Milford, Connecticut. Subway has over 44,000 locations in more than 100 countries, making it the largest fast food chain in the world by number of locations. The company is known for its customizable sandwiches and healthy options, such as its Fresh Fit menu. Subway is a privately held company and does not disclose its financial information.
Learn more about Subway
Size
450,000 employees
Industry
Founded
2007

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