Tenant CS

Take a read of our latest CBD office leasing snapshot through a unique tenant-centric lens. Sydney 👉🏻 Sydney's CBD vacancy rate has fallen from 12.2% to 11.6% over the past six months due to limited injections in H1 and stock withdrawals 👉🏻 High incentives averaging between 30-39% offset year-on-year increases in Gross Face rents. However, tenants need to be aware that these figures are just averages, and the actual incentives achievable during lease negotiations vary significantly depending on property grade, location, asset amenities, and the landlord 👉🏻 Sydney's sublease vacancy fell from 2.5% (130,000 sqm) in Q4 2023 to 1.7% (89,700 sqm) in Q2 2024, primarily due to CBA withdrawing 20,742 sqm in Darling Square Melbourne 👉🏻 Melbourne CBD's overall vacancy rate has risen from 16.5% to 18%, marking the 18th consecutive increase since Q1 2020 👉🏻 Despite a quarter-over-quarter increase in face rents, steep rises in incentives have led to declines in average net effective rental rates across all grades 👉🏻 Sublease availability as a percentage of total stock is being reported at 2.8% (145,500 sqm). Two-thirds of this space is contained in four buildings Brisbane 👉🏻 Brisbane's overall CBD vacancy rate has fallen from 11.7% to 9.5% over the last quarter 👉🏻 Given limited supply and strong demand, Gross Face and Effective Rents have increased Q-o-Q across all grades. Though incentives remain elevated to encourage tenant relocations, they have seen slight decreases Q-o-Q due to tightening vacancy rates 👉🏻 Sublease availability in Brisbane remains one of the lowest in the country at circa 0.5% of total stock Learn more: https://lnkd.in/g9t2wajt #tenantrep #tenantrepresentation #commercialrealestate #business #strategy #office #sydney #melbourne #brisbane

"The values of office towers could fall even further despite losing more than 20 per cent already over the past two years, according to Macquarie analysts." https://lnkd.in/giibJhbY

Welcome to Tenant CS's Monthly Roundup where you'll find the latest company news, insightful articles you might have missed, and valuable tips for commercial tenants. Subscribe now to stay ahead of the curve with fresh, relevant content! #business #strategy #commercialleasing #commercialrealestate #officelife #office #tenantrep #tenantrepresentation

We were proud to be a Diamond Sponsor of this year's Sustainability Forum! 🌱 It was inspiring to hear from such passionate leaders and forward-thinking discussions centred around sustainability and innovation. A huge thank you to the FACCI - French-Australian Chamber of Commerce & Industry for organising this event. #sustainability #event #business #SustainabilityForum2024 #FACCI

Last chance to register! Don't miss our expert-led webinar today between 3pm and 4pm (DST)! Join our very own Maxwell Vaughan as he shares actionable insights on navigating the complexities of commercial lease negotiations. If you're facing a lease renewal, looking to relocate, or considering your options mid-lease, this session will equip you with the tools you need to make smarter leasing decisions. Register now to save your spot: https://lnkd.in/gcMWH9gg

Even in a tenant's market, landlords usually have the upper hand in negotiations because they have skilled commercial real estate agents working for them who fight for their best interests. Here are six tips to help increase your leverage in negotiations and level the playing field... Learn more: https://lnkd.in/gMPwV2xV #negotiation #tips #office #business #sydney #melbourne #commercialrealestate

Tenant CS is assisting a client with a lease exit. We have been instructed to find a replacement tenant for 99 Walker St, North Sydney, an exceptionally high-quality office space. This modern, turnkey office space in an A-grade building is ideal for businesses seeking a flexible lease or new long-term space. - Full floor and access secured - Total area: 800.9 sqm / 70+ workstations - Until 30 October 2026 or new direct lease - Unbeatable financial terms - Available now View floorplan and flyer: https://lnkd.in/grqYB7Uj 📞 Contact the Tenant CS team at info@tenantcs.com for more details or to schedule an inspection. #sublease #commercialrealestate #strategy #business #opportunity #sydney #office

Looking forward to our upcoming webinar with the Australian British Chamber of Commerce! Join us as Maxwell Vaughan shares insights on the current market and actionable tips to help you secure better outcomes. Whether you're facing an upcoming lease expiry or simply evaluating your options, this session will equip you with the tools you need to make smarter leasing decisions. 🗓️ Date: Wednesday, 16 October 2024 🕒 Time: 3-4pm (DST) Don't miss out—register now to save your spot: https://ow.ly/RVKj50TGi9f #office #business #strategy #webinar #commercialrealestate #realestate

You've probably come across terms like Green Star, WELL, NABERS, and Net Zero when discussing sustainability, but what do they mean, what sets them apart and why should they matter to you as a commercial tenant? In this article, we break down some of the most commonly used terms to help you understand how they work and impact building occupants. Learn more: https://lnkd.in/gzEgcYhh