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Updated over 1 year ago,
Alternative Marketing/leasing agreements
Hi BP
Have a commercial/industrial property I am looking to start leasing in the Phoenix Arizona area. It is a larger property with a lot of spaces to market, when you look at a traditional type of leasing structure of paying commissions it is hard for agents to justify because it is smaller spaces. Basically, some agents I have spoken too don't want to make the effort to lease a bunch of smaller spaces.
This has brought on the question of alternative ways to structure a listing agreement. I have thought of a flat fee for each space or even a monthly amount (although I would prefer more incentive based). Any thoughts?
Also, any AZ agents or brokers know if there are limitations I need to watch out for?