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Lenus Opens in Sydney, 36 Floors Up and 32% Below List Price

Lenus Sydney
Lenus
8
Desks secured
6 weeks
Time to deal
32%
Under budget
1 Elizabeth Street, Sydney
Building

Listing summary: How early planning and a new opening gave Lenus a premium Sydney office at 32% below list price.

Lenus's new Sydney office sits 36 floors up at 1 Elizabeth Street, with views towards the eastern suburbs. Found secured it for A$8,341 a month against a list price of A$12,316. That is 32.3% below list, and A$47,700 saved across the 12-month term.

A partnership that began with a three-week deadline

Found first worked with Lenus on an urgent London relocation, when the team had three weeks to find a new office. That move grew into a global partnership, with Found looking after Lenus's offices in several countries.

Sydney is the 14th office Lenus has opened with Found across 13 countries.

Groundwork before the search began

This move came with no deadline and no problem to fix. Lenus was expanding into a new city and trusted Found to review the market and recommend the right space.

Months before the search officially started, Found prepared a proposal deck setting out which providers suited Lenus. That meant a shortlist was ready the moment the timing was right, and the final choice would come down to what was available when Lenus was ready to move.

A new opening at the right time

When the time came, one option stood out: a new workspace at 1 Elizabeth Street. It opened on 1 October 2026 across Levels 35 and 36, directly above Martin Place Metro Station.

Found secured an eight-desk office 36 floors up, with views towards the eastern suburbs.

The provider was familiar too. Lenus already uses the same operator's spaces in other countries, which gives its people the option of working from those offices when they travel.

The price

A newly opened centre needs to fill its offices, and that gives an early tenant room to negotiate. Found used that window to agree A$8,341 a month against a list price of A$12,316.

That is A$3,975 less each month: a 32.3% saving, worth A$47,700 across the 12-month term.

What a broker added

Lenus didn't need rescuing this time. It needed a partner that already knew how the business works, had done the groundwork early, and could time the deal around a new opening.

The proposal deck meant the decision came down to availability, with no need to start from scratch. Knowing the centre was new, and what that meant for pricing, turned a list price into a 32.3% saving. Found's service is free to the client.

Found continues to support Lenus as it opens in further locations.

The takeaway

Expansion moves faster when the groundwork is done before the search starts. For Lenus, early planning and good timing meant a premium Sydney office well below the asking price.

Expanding into a new city? Get in touch and we'll start the groundwork now.

LENUS

International

"If you are looking for an office, you have come to the right place. We reached out to Found to support in a difficult office move with a very tight timeframe. Isaac made a potentially very stressful situation, calm and enjoyable, where nothing was too much to ask. The support and knowledge Found brings to the table is unmatched, and because of this we have since used them for our second office search. Isaac’s experience and knowledge, alongside his fantastic effort to understand our requirements, has meant we have an office space that addresses every need. The level of service received is more than we could have asked for and have experienced before. Which is why we will be using Found in all our office searches moving forward."

February 6, 2022

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