Bringing forward savings with a strategic mid-term renewal.
Melbourne
Media + Creative
1,315 sqm
Rather than waiting for lease expiry, the client moved early to reduce occupancy costs and improve its lease position while market conditions remained favourable to tenants.
Tenant CS tested the market and explored both full and reduced footprint scenarios, creating the leverage needed to negotiate stronger terms without the cost or disruption of relocating.
A significant rental reduction delivered cost savings during the existing lease term, rather than waiting until expiry.
No make good obligation reduced the client’s future exit liability and provided greater cost certainty.
A strong capital contribution secured additional landlord investment into the premises.
Favourable fixed annual rent increases helped limit future occupancy cost growth alongside the renewed lease term.
Learn other ways we've helped clients with their property requirements.
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