Commercial Buy Side Commission

[Salvatore Lentini]

Just curious what others are experiencing on buy side commercial broker commissions.  If listing broker/company is not splitting, what is typical for buyer broker commission?  I've done deals where the buyer broker liked the deal and became my partner and no commission and then deals where they split with the listing broker.  I wanted some real world experience from others when paying buyer broker out of your own pocket (they brought me the deal - off market).  If you can also say what part of the country you are in that would help.  I am in PA, outside Philadelphia.

[Alex Mao]

@Salvatore Lentini

In the Bay Area it's typically 5-6%, though I have seen and paid higher.

As @Joel Owens notes, it's not uncommon here for the percentages to reduce for months 120+. For example, for a 15 year lease, listing and and tenant rep broker gets 2.5% each of first 10 years of rent, then 1.25% each for next 5 years of rent.

Institutional landlords will have listing agreements with their listing broker(s) which dictate payout structure.