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Updated over 1 year ago on . Most recent reply
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Resources to research Industrial space lease rates and CAM charges?
I have inherited an Industrial manufacturing building in Colorado that leases space to a family member's manufacturing business.
My father, being the owner of both the building and the mfg business, had been providing the space at very generous rates.
Now, the current lease is expiring and we need to raise the rent closer to market rates.
We are not using a broker for this transaction so we don't have someone with real-time access to the market rates.
Are there any free resources for mom/pop CRE owners that can help me ascertain current market lease rates and CAM charges?
Thank you in advance,
TC
Most Popular Reply
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Search CREXI or LOOPNET for similar properties. If for sale, they often list the current rents of existing tenants. If for rent, you have a good asking rent comp.