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Updated over 1 year ago on . Most recent reply
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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?
Most Popular Reply
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Quote from @Doug McVinua:
@Jonathan Orr I need more information to understand the property better. What is it, who are the prospects, where is it, what are the rents, and many questions?
I am not trying to pry. Just way too vague to offer any help to you.
Light industrial <2k sq ft per space (varies). Warehouse use from contractors to people looking for larger storage spaces for cars, things, boats. West side of the valley, rents vary based on sq footage (gross leases)