Strip Center Leasing Commissions?
Hello,
I am new to retail investing and am getting ready to close on a small strip mall that has one vacancy. I am going to hire a broker to fill the space. I was wondering how the typical leasing commissions are structured? I have had brokers lease office buildings in which they are paid the first months rent plus 4 to 5 percent of the monthly lease, but I was wondering if retail is the same?
Thanks, BJ
Usually 5-6% of the total value of the lease.
One word...****This URL Not allowed****. Another suggestion..hire a broker. Let them take care of it for you. It is a specialized field and they will handle everything..