Incentivizing Broker with Extra Commission to Rent Space Faster

[Kim Hopkins]

Hi Everyone,

We have a large (25K SF) tenant who currently occupies over 50% of one of our properties and is behind on over 3 months of rent. We will probably demise the space into 5k - 11k SF units going forwards. We want to incentivize our leasing broker to find replacement tenant(s) for the space as fast as possible. She's great but we know she's busy and has many projects. We will save a lot of $ the faster we rent this space out obviously. So we're thinking of giving her some extra commission, like an extra 2% or something, if she can rent at least  half the space by November or December 1st. 

What do you think of this plan? 

Thanks!