You can’t choose your landlord, but you can choose Thrive Commercial

Let us take the stress and confusion out of sourcing, negotiating and managing your commercial property leasing experience.

Commercial Property Expertise Supporting Your Business Growth

As commercial real estate experts, we take the stress and confusion out of sourcing, negotiating and managing your commercial property leasing experience. Whether you’re looking for your first commercial property to lease, wanting help to exit a lease, or need assistance with dispute resolution, Thrive Commercial can assist! We have 40+ years commercial property negotiation and tenancy rights expertise, to support you in every stage of your property lifecycle. Let us help you stay focused on your core business growth and future success.

Fully
Managed
Solution

Property
Sourcing

Comprehensive
Lease
Services

Commercial
Facilities
Management

Commercial
Property
Management

Our Services

Property Sourcing

Struggling to secure a lease or transitioning to a new property? Unsure about fair terms or lease complexities? Thrive Commercial offers expert advocacy in commercial leasing.

Comprehensive Lease Services

Thrive Commercial helps manage lease renewals, market reviews, and landlord disputes. With 40+ years’ expertise, we assist in all leasing and property management matters.

Commercial Property Management

Struggling with lease management, unexpected costs, or landlord negotiations? Thrive Commercial offers 40+ years of expertise, streamlining operations for businesses.

Commercial Facilities Management

Struggling with multi-site building management or lease maintenance obligations? Thrive Commercial offers expert facilities management, minimising disruptions for business growth.

Fully Managed Solution

Transitioning to a new property or seeking favourable lease terms? Thrive Commercial offers solutions for managing lease obligations and property needs.

What Our Clients Say

Thrive Commercial has been an integral part of the CARe Automotive team in securing property infrastructure across the eastern seaboard.

Thrive Commercial effectively handles our site search, lease negotiations, legal documentation and ongoing communication with landlords. They have created a platform to handle all ongoing lease administration for our rapidly expanding network.

Thrive Commercial bring a best in class approach to all aspects of our property management.

Norman Moss

Managing Director CARe Automotive Group

Engaging Thrive Commercial has not only addressed our immediate needs but has opened our eyes to further growth opportunities.

Their commitment to excellence and proactive approach make them an invaluable partner in our journey towards continued success.

We are grateful to Thrive Commercial for their outstanding commercial tenant advocacy services and highly recommend their services to any business seeking comprehensive and effective commercial tenant advocacy support.

Barry Saad

CEO – Truck Tech Group

Thrive Commercial has played an important role in optimising our portfolio since March 2023.

Thrive have stepped in to facilitate relocations, consolidations and early exits, resulting in a more efficient portfolio and releasing funds for future expansion to support more members.

Thrive Commercial consistently demonstrate a level of professionalism, integrity, and dedication to client satisfaction that exceeds our expectations.

We look forward to a long and prosperous partnership with Thrive Commercial.

David Chahrozian

CFO – Plumbers Supplies Co-operative Limited

Previous

Next

Our Success

Million in First-year rent

0

Months of Negotiated Rent-Free Terms

0

Sqm of New Industrial Space Leased

1000

Savings in Remaining Lease Costs via Early Exit Strategies

$ 0

Frequently Asked Questions

What factors should I consider before signing a commercial lease?

Before signing a commercial lease, consider factors such as the lease length, rent amount, incentive, potential for rent increases, suitability of the location, size and layout of the space, permitted uses of the property, and termination conditions. Additionally, review any clauses related to subletting, renovations, and responsibilities for maintenance and repairs to ensure they align with your business needs.

How can I negotiate the best terms for a commercial lease?

To negotiate the best terms, come prepared with a clear understanding of market conditions and comparable properties. Highlight your strengths as a tenant, such as creditworthiness or business stability. Be ready to discuss lease length, rental rates, renewal options, fit-outs or improvements funded by the landlord, and flexibility on terms such as deposit amounts, lease security and lease termination clauses.

What should I consider when it’s time to renew my commercial lease?

Start planning for lease renewals well in advance (up to 12 months) to evaluate terms, assess market conditions, and negotiate effectively. This approach helps ensure continuity in your business operations and maintains good landlord relationships.

Can I sublease my commercial space?

Subleasing commercial space depends on the terms of your original lease. Many leases require landlord approval for subleasing. Review your lease terms and discuss your intentions with your landlord. Ensure any sublease complies with the original lease terms and obtain all agreements in writing.

What happens if I can no longer afford the rent?

If you find yourself unable to afford the rent, communicate with your landlord at the earliest opportunity. Discuss potential options such as renegotiating the lease terms, deferring rent payments, or terminating the lease early. It’s important to act quickly to maintain trust and potentially secure more favourable terms.

What responsibilities do I have for property maintenance and repairs?

Your responsibilities for maintenance and repairs should be outlined in the lease agreement. Typically, tenants are responsible for internal repairs and maintenance, while landlords handle structural and external repairs. Always review these terms before signing to ensure they are manageable and clear.

How often can my rent be increased, and by how much?

The frequency and rate of rent increases are typically specified in the lease agreement. Increases may be tied to an index such as the Consumer Price Index (CPI), set at a fixed percentage annually, or negotiated at the time of lease renewal. Understand these terms fully before agreeing to a lease.

What are my rights if the property is sold to a new owner?

Generally, if the property you lease is sold, the new owner inherits all terms and conditions of the existing lease. Your rights and obligations under the lease typically continue unchanged. However, review your lease for any clauses that could affect this, such as termination on sale provisions. Depending on state, ensure your lease is registered with the relevant Title Office for your state, for an added layer of protection.

What insurance do I need for a commercial lease?

Most commercial leases require tenants to carry general liability insurance to cover injuries or damages incurred on the property. You may also need property insurance for your own equipment and fixtures. Depending on the nature of your business, additional coverage like business interruption insurance might be advisable. Always confirm with your landlord what specific coverages are required under your lease.

How do I handle disputes with my landlord?

Handle disputes by first referring to the lease agreement to understand each party’s responsibilities. Communicate clearly and professionally with the landlord about the issue, seeking to understand their perspective. If a resolution cannot be reached through direct communication, consider a tenant advocate, legal counsel or mediation as next steps.

Your Thrive Team

Kathleen Kielenstyn

Chief Negotiator

Our visionary founder with over 15 years of extensive experience in corporate real estate to the forefront. Kathleen’s journey stems from her keen observation of the unmet need for commercial lease support among small to medium businesses.

Fiona Napier

Lease Detective

Our cofounder with over 25 years of relentless dedication to the commercial real estate landscape. Fiona’s journey is a testament to her unwavering commitment to excellence and her significant contributions to the industry.