Industrial Facility Lease & Agent Commission Structure?

[Jennie Kesselman]

Hi :)

I am a Realtor and have been asked to assist a client with leasing out his large Industrial facility. Id love to hear from you...

what is the most common/ best way to structure agent commission for procuring a tenant in an industrial facility?

Thanks in advance!

Jennie

[Ben Karp]

Hi Jennie,

From experiences in the CT/MA market, commission structures typically vary based on type of representation (IE - Listing Broker or Tenant Broker) asset (class A,B,C), SF Size, Lease Term, Lease Type and Ultimately what is considered "market".  Without knowing these details, I think it's a safe bet to account for 5% Fee as the Listing Broker on total gross rent of the lease. Ex) 10,000 SF x 5.00 PSF x 5 Yr Deal = 250,000 GR X 5% = $12,500.