Renew vs. Relocate

Your future workspace is a crucial ingredient in your business's culture, and hence productivity. So, if your lease is expiring, do you reformat your current space or start afresh somewhere new?

Both options have inherent risks but bring limitless opportunities.

Relocation, for instance, can mean no business downtime and may allow you to foster a new culture or introduce a different style of working. Here, where we hit our stride is by helping you reap the benefits of a softer market (e.g. lower rents or higher incentives) or find savings without reducing headcount (leveraging the WFH norm).

On the other hand, staying put can save capital in terms of fit-out costs. It may also mean you're not inconveniencing staff and customers with a change of address and that you don't have to work with a new landlord (better the devil, you know).

To determine the best solution for your business, you need to consider a range of factors. And that's what we do in the first stage of all our projects. Depending on your circumstances, we'll help you decide whether to:

Renew in your current premises – If this is the best option, we'll also help you negotiate stronger terms that align with the improved market conditions. We can help you negotiate a new lease with your landlord within the same building and manage any design and fit-out changes discreetly to minimise the impact on staff productivity.
Relocate to a new premises – Our comprehensive property search with full market coverage (that's properties from every landlord and agency) and market insights will present you with a business case that helps you determine whether relocation is the best solution for your business. And, if it is, we'll match you with the perfect space and negotiate the best possible terms on your behalf.

Even if you know that you want to renew or relocate, we still recommend the 'Stay or Go' project strategy to create the greatest leverage. While it means extra work for us, the savings results make it worthwhile!

Get in touch with a member of our team today to see how we can help you.

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Real businesses, real results

Learn about how we’ve helped our clients assess whether it's better to renew or relocate.

More success stories

Thanks to Tenant CS’ professional approach, we never missed a rent review, lease expiry date or market opportunity. Better yet, we were able to generate significant savings across our portfolio.

David Maclaughlin

Chief Financial Officer, Schindler Lifts

The level of service delivered was excellent and beyond what we expected. The team did an excellent job, running the project professionally and with entrepreneurial flair.

Amir Marashian

Country Manager, Schaeffler

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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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