Are you paying too much for your office space? The reality is that many companies are. Overpaying on your office lease can be the result of a number of factors. However, commonly, it’s because businesses tend to handle the negotiation process on their own, without seeking expert advice.Â
This often results in a higher cost per square metre, and perhaps unfavourable lease terms.
At Niche Tenant Advisory, we’ve spent years perfecting our negotiation strategy. In that time, we’ve helped countless clients negotiate a better deal on their commercial space in Sydney. A better deal means more money in the budget for other essential costs, such as your new office fit-out, staff, or equipment.
We use our knowledge of the market, coupled with our negotiating strategies, to get the best deal for you. When our clients win, we win.
Know the market
If you’re still in the process of searching for the right space, we’re here to help. There will be many properties available, so it’s important to do your due diligence in order to get the best deal. Our market knowledge is invaluable to our clients. We’ll help you pinpoint properties that tick all of your boxes, and fall into the right price range. Then, we’ll go about getting you the best deal.
A more efficient process, without the stress
We help our clients find new space, navigate the world of commercial lease contracts, and handle ongoing negotiations. This is what we do on a daily basis, and we’re good at it. Handling the process yourself tends to take plenty of time, and can be stressful for any manager, director, CEO, or business owner. We’re here to take the stress away and ensure you are staying on your timelines.
It’s currently a tenants market, so make sure you capitalise
Vacancy rates in Sydney offices are the highest they have been since 1996. Landlords and investors are struggling to fill their space, so tenants are in a strong position across the board. Now, it’s the investors who need to make sure their space is providing what tenants and their employees truly need.
It’s important for tenants to take advantage of the opportunity that this market presents. Leveraging the current situation in your own negotiations is important, but utilising the services of a high-quality commercial lease advisory is essential. We’ll be by your side the whole way, ensuring you come out on top.
Know your lease clauses and conditions
We see it often; clients misunderstand or miss certain clauses in their contracts, and end up having to pay far more as a result of the oversight. A prime example of this is the makegood clause, which often requires you to return the office to its original condition when you vacate. Many tenants have fallen victim to the makegood clause, and end up having to pay a lump sum to their landlords to avoid a costly stripout project.
We’re here to help and ensure that everything is crystal clear. In the end, that means more money in your pocket with savvy Sydney office lease negotiations.
