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Updated over 3 years ago on . Most recent reply
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commercial commision rates?
Hi, I'm going to be renting my first commercial property soon. A broker told me its 7% commission in perpetuity. Never rented before so sorry for my lack of knowledge. I have heard that for residential that the commission is like 1 or 2 months rent. But yea just wondering what an average commission is and is there and other structure that I can suggest for the commission or is it always for the entire length of the lease? Thanks.
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Id say there is no average or standard. I see stuff all over the place. The last 2 commercial leases I did, I charged 10% year 1, 5% year 2, then 4%, 3,%, 2% for the rest. Both were 5 year leases.
- Russell Brazil
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District Invest Group
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5.0 stars