September Edition: Perth, Adelaide and Canberra Market Updates, a Contrarian Viewpoint + a Tip Around Lease Expiries

Welcome to the latest edition of Tenant CS's Monthly Roundup, where we share company news, articles you may have missed and helpful tips for commercial tenants.

Let’s get started!

OPINION: Industrial Rents - Market Rent Vs. Capacity To Pay

The media claims that Australia needs twice as much industrial floor space to keep up with demand. But Tim Green believes industrial rents in Sydney will fall.

"When you start to read comments like “this boom will never end” or “this time it's different”, you know conditions have peaked."

Read more: https://lnkd.in/grkG588d

Market Spotlight + Trends: Adelaide, Perth & Canberra

Curious about the latest trends shaping the office market in Adelaide, Perth and Canberra??

Dive into our latest updates to stay ahead of the curve:

• Adelaide Market Update
• Perth Market Update
• Canberra Market Update

Tenant Tip: Stay across market benchmarks and create competition for your tenancy

Got an upcoming lease expiry? Make sure you're across benchmarks and create competition.

The market consists of many moving parts.?It's a tenant's market. But incentive levels, vacancy rates, and vacancy rates within each landlord's portfolio are all variable factors that will mean the difference between a good deal and a GREAT deal.

If you don't have a?constant eye on the market?or don't know where to get this information from, you will likely pay more than you need to.

Remember, you always can't trust a traditional real estate agent to provide accurate information because their client is the landlord.

So, if you plan to tackle a renewal or relocation on your own, negotiate on a minimum of three properties (including two relocation sites and a renewal at your existing property). Run each proposal to ground and leverage the strengths of each against your favourite option.

If you play your cards right, the?incentive?offered by your current landlord should be comparable to the incentive provided on your relocation option.

Learn more about the steps to take here: https://lnkd.in/g-kQygKj

Take advantage of the current market

Even in a?tenant's market, many businesses are still negotiating poor leases because they:

• Aren't across the options available to them
• Don't possess the proper market knowledge or experience
• Only have to negotiate a commercial lease once every 3-to-5 years
• Have no one advocating on their behalf

At Tenant CS, we're here to ensure tenants get the best deal possible. On average, we improve tenant savings by 180% compared to tenants who negotiate themselves.

Get in touch with our team to learn how to take advantage of the current market conditions:

• Book a call
• Send us a message
• Connect to our team on LinkedIn