Suggestions on the way to list a commercial space for lease

[Brian Price]

I have a rental townhouse and a business in a 5300sf commercial space that I own. I’m also renting out a room in my house.

I’d like to quit doing what I’m doing and pursue real estate investing full time but first I need to rent out my building. I’ve listed it on loopnet, FB marketplace and Craigslist. Any other suggestions how to market it? Should I enlisted the help of a real estate agent? What are their fees. I know everything’s negotiable but Someone told me 10% of the term of the lease. On a 5yr term that would be $30K!!!

Thanks for your input!

[Steve Morris]

Well, 50% of leads are drive-by.  Make sure you have ugly and noticeable signs (within code restrictions of course). If you're on LoopNet, that's about 50% of what brokers do.

On a lease (I do very few of them since I broker apts), they'll probably ask 5% for first 5 years and then less for each re-up, but that's negotiable.