Strip Center Leasing Commissions?

BJ24 profile photo

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

Comments(2)

  • CincyRealtorNKY11th June, 2007

    Usually 5-6% of the total value of the lease.

  • mimoca324th July, 2007

    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..

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