Sydney Gay and Lesbian Mardi Gras

Tenant CS was appointed to help SGLMG with two projects that would enable them to prepare for the annual Mardi Gras Parade and Festival.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
300-1,000 sqm
Locations:
Sydney
Location:
Sydney
Industry:
NFP, member-based organisation
Project Type:
Stay vs Go, office relocation, site search
Project Types:
Stay vs Go, office relocation, site search
About the company
Sydney Gay and Lesbian Mardi Gras is an LGBTQIA+ not-for-profit member-based organisation that produces the Sydney Gay and Lesbian Mardi Gras Parade and Festival and several other events and supportive initiatives throughout the year.
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Featured Project

At a glance

Negotiated terms that far exceeded expectations
Adapted strategy due to COVID and specific requirements
Secured two suitable spaces, despite low vacancy

The Brief

Sydney Gay and Lesbian Mardi Gras (SGLMG) was looking for a new warehouse site to prepare for the annual Mardi Gras Parade and Festival. The original requirement was for 1,000 sqm space with a 3-year term.

The company was also looking to relocate its office to an LGBTQIA+-friendly space that would provide enough workstations to support the 2023 World Pride. SGLMG strongly preferred to keep their office within the Oxford Street area but were unsure if this was possible due to high rental rates and low vacancy.

Proud to champion the cause and to work with a not-for-profit organisation, Tenant CS took on the projects enthusiastically and with the central goal of reducing costs and negotiating better-than-market terms.

To achieve this, for the office component of the project, the team explored the following possible scenarios:

  1. Staying in their existing premises
  2. Co-working
  3. Office relocation

And for the warehouse component, Tenant CS undertook a new site search and assisted in lease negotiations.

This project was for a not-for-profit company, so all costs had to be identified upfront and remain within budget.

The Results

Office

Tenant CS secured a refurbished office space in a heritage building on Oxford Street with significant relevance to the LGBTIQI+ community. The team also successfully negotiated for the landlord to pay for the tenant works, as well as a below-market rent, low annual increases, a fixed review option period that could be called on at any time, and a rent-free period which assisted in annual budgeting and forecasting.

This outcome far exceeded SGLMG's expectations, particularly considering the current rents in the area.

Warehouse

Sadly, after being presented with numerous options due to Covid, SGLMG was forced to cancel its annual parade two years in a row, changing budget and term requirements. Sydney's tight vacancy rate also proved problematic.

As such, Tenant CS adopted a different strategy, taking a direct approach to identify options with short-term leases. Ultimately, Tenant CS located and secured a flexible space through one of SGLMG's partners that met their requirements and budget in time for the Sydney Mardi Gras WorldPride event.

Get in touch with Tenant CS

'Incredible versatility, tenacity and creativity'

As a not-for-profit member-based organisation, it is important for us that companies we work with share the same values and vision. With their unwavering support of our mission, Tenant CS has shown incredible versatility, tenacity, and creativity in representing us to source not only our new office space but also identify a suitable warehouse space for our needs. They helped navigate the uncertainty of COVID, the effects this had on our trajectory and adapted to our changing needs. We will continue to recommend Tenant CS to our partners, allies & wider community.
PJ Gahan
Executive Producer - Sydney Gay and Lesbian Mardi Gras

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