RedZed engaged Tenant CS to support a midterm early lease renewal for their Melbourne CBD office.
Knowing that they wanted to remain in the space for longer, the goal was to lock in current market conditions while they remained favourable - improving commercial terms now, rather than waiting closer to expiry to renew when conditions may shift.
Tenant CS ran a structured process combining market benchmarking with targeted alternatives, creating the right level of competitive tension to improve the landlord’s position.
This allowed RedZed to remain in a space that worked, while immediately improving the commercial terms of their lease.
Key outcomes included:
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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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