Blend & extend

In the current tenants’ market for office space, there may be an opportunity to renegotiate your office lease mid term, and receive a full incentive as well as locking in an attractive market rental rate.

It’s no secret that working from home has played havoc with the Australian office space market. Vacancies are high, which means landlords are willing to negotiate excellent deals to keep good tenants.

If you’re happy with the space you’re in now, but want to take advantage of the currently favourable market conditions, TRS may be able to help – even if you have 2 to 3 years remaining on your lease.

Here’s how it works

On your behalf, TRS will negotiate a new lease term with your landlord. In return for you signing on for another full lease term, we can negotiate:

  • A competitive rent – based on current market conditions
  • A full landlord’s incentive
  • Reduction or removal of onerous lease terms e.g. make good
  • Upgrades to the premises or facilities.

The bottom line

The bottom line is that the current office space market is very favourable to YOU – the tenant! If you take advantage of this opportunity now, you can lock in significant savings for your company.

The key to making it happen is working with a tenant representative with extensive knowledge of current rents and incentives, vacancy rates, and other market-specific information. That’s where TRS comes in!

Contact us today to schedule your complimentary consultation.

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