With their lease expiry approaching, Honner Media had received a direct renewal proposal from their landlord. To ensure the strongest possible commercial outcome, they engaged Tenant CS to test the market, benchmark their landlord's offer and introduce competitive tension - determining whether renewal or relocation would deliver the more strategic result.
Their primary objective was to secure improved lease terms and provide a refreshed workspace for their staff, creating a more engaging environment to support greater staff attendance and collaboration.
By reintroducing competitive tension at a pivotal stage, Tenant CS materially improved the landlord’s renewal proposal.
Honner Media ultimately chose to renew, securing stronger commercial terms, a competitive market incentive and a landlord capital contribution to support the workspace refresh. The new agreement also included a rent-free transition between leases and enhanced flexibility within the lease structure.
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We acknowledge the Traditional Custodians of the lands on which we work. Our offices are located on the land of the Gadigal peoples of the Eora Nation and the Wurundjeri peoples of the Kulin Nation. We acknowledge their continued connection and contribution to land, water and community, and pay our respects to Elders past and present.
We’re proud to be an inclusive workplace, where diversity in all its forms are valued and every member of our team is encouraged to bring their whole self to work.
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