I hate fixed costs that can't be adjusted with growth/contraction of business. We've had to break leases in the past in order to cope with growth above expectations. The extra floor in the CBD office we were going to take has now fallen over and so we are looking for more space again. While I intend to reduce the rate of growth next year, we are still growing strongly. Three years is a long time in business and taking a 3 year lease while trying to estimate how many people we will need to house in 3 years is problematic. With dramatically slowed growth we would at least still double our current staff numbers in the next 3 years. If we take space large enough now to allow for that, we are up for an enormous amount of wasted rent and impact on cashflow/profit. There is also always the chance that the economy tanks and growth stops altogether. Don't take enough space and we can be bursting at the seems in 18 months time and trying to look for solutions. There are ample subleases around at present. These offer a solution but then have to be offset with moving more often. Although Brisbane CBD office market is definitely in the tenant's favour at the moment, when you are talking about 100's of m2 at effective rents in the $400-$450/m2 it is not pocket change.