Tenant CS

Take a read of our latest CBD office leasing snapshot through a unique tenant-centric lens. Sydney 👉🏻 The overall vacancy rate in Sydney CBD has eased to 11.6%, down from the 28-year high of 12.2% 👉🏻 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 👉🏻 The sublease vacancy rate currently stands at 1.6% of total vacancy, rising over the last quarter by 961 sqm to reach 81,049 sqm Melbourne 👉🏻 Melbourne CBD continues to record increases in vacancy rates, this time rising from 18% to 19.6%, the highest level since 1995 👉🏻 The rising vacancy rate has led to a significant increase in the reported net incentives across all building grades year-on-year. However, though it may seem counterintuitive, quarter-on-quarter face rents continue to rise 👉🏻 The latest reports indicate that sublease availability is sitting at 1.6% of total stock (circa 100,862 sqm), dropping 44,638 sqm from Q2. This is due to leasing activity, reclassification to direct leases and withdrawals by occupiers Brisbane 👉🏻 Brisbane’s overall vacancy rate has dropped to 8.5% driven by limited new supply and the recent withdrawal of 40,338 sqm of office space 👉🏻 Given limited supply and strong demand, Gross Face and Effective Rents have increased Q-o-Q across all grades. Incentives remain elevated to encourage tenant relocations 👉🏻 Sublease availability in Brisbane remains one of the lowest in the country at circa 0.6% of total stock Learn more: https://lnkd.in/g9t2wajt #tenantrep #tenantrepresentation #commercialrealestate #business #strategy #office #sydney #melbourne #brisbane

Office occupancy is climbing across the nation. But, after enduring the longest lockdowns in the country, Melbourne’s average office attendance still sits at just 61% of precovid levels. Thursdays peak at 71%, but by Friday, numbers drop to just 47% - a trend that’s raising concerns for major landlords. For tenants, this shift creates opportunities. With more vacant space, businesses have greater negotiating power, access to more flexible lease terms, and the chance to rethink their office strategy - whether that means securing better incentives, downsizing, or upgrading to a higher-quality space at the same cost. Read more: https://lnkd.in/gAeSrnc5 #office #tenantrep #tenantrepresentation #melbourne #business #commercialrealestate

Negotiating office space isn’t just about securing a place to work - it’s about getting the best possible outcome for your business.    In our latest article for the British Chamber of Commerce, we share five key tips to help tenants navigate the leasing process with confidence and avoid costly mistakes.   Read it here 👉 https://lnkd.in/gyBNcc7c   A big thank you to the Australian British Chamber of Commerce for the collaboration and for sharing these insights with their network! #office #tips #business #commercialrealestate #strategy #negotiation

While the Sydney team had a great time at the ABCC Summer Drinks on Gaden's sundeck in Sydney, the Melbourne team (Jonathan and Jared) were busy enjoying their own evening of networking at the British Consul-General’s Residence in Toorak. 🏛🍷   It was the perfect setting to toast to an exciting year ahead and connect with industry leaders, fellow members, and government reps.    Huge thanks again to the Australian British Chamber of Commerce for hosting another memorable event.   Swipe through for some snaps from the night! 📸

A big shoutout to Ella Segal and Hannah Feltham for their well-deserved promotions late last year!   Ella stepped into the role of Manager, and Hannah took on Associate Director. Both have made incredible contributions to Tenant CS over the years, and it’s amazing to see all their hard work being recognised.   Congratulations!

Kicking off the year with great company at the ABCC Summer Drinks! 🍹☀️   Ella, Francois, and Maxwell had a great time catching up with familiar faces and meeting new ones on the sundeck at Gadens’ Sydney office. Big thanks to the Australian British Chamber of Commerce for putting on a great event and to Gadens for the wonderful hospitality.   Here are a few snaps from the night! 📸

Unsure which lease terms to negotiate, how to secure the best deal, or if your landlord is being fair? Check out our top tips for leasing success. Read more: https://lnkd.in/gbV2fMe4 #tenantrep #tenantrepresentation #business #strategy #office

We’re delighted to have Imogen Sumskas as part of our Tenant CS Melbourne team! With her background in design and love for problem-solving, she’s already making a difference for our clients. Imogen, thanks for choosing us - we’re lucky to have you! Get to know more about Imogen here: https://lnkd.in/g-42NxTH #tenantrep #tenantrepresentation #welcome #meettheteam #commercialrealestate

Welcome back, Francois Rollin!   Tenant CS has grown and evolved over the past decade, and Francois has been a huge part of that journey.   As an original member of the team way back in 2014, Francois played a huge role in setting the foundations for Tenant CS. In 2021 we said goodbye as he returned home to his native France to reconnect with friends and family.   We’re so excited for this full circle moment - to welcome Francois back to Australia, and to the Tenant CS team once more.   Learn more about Francois here: https://lnkd.in/gPP83TJW

As we settle into 2025, the market continues to evolve, shaped by high vacancy rates, rising incentives, and shifting workplace trends. Last year, landlords balanced asset values with tenant demand through increased face rents and attractive incentives - but what’s next? Stay informed with our latest market wrap and forecast. https://lnkd.in/gCh2E6Yb