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#216133 - 03/31/08 10:31 AM Commercial leasing
Watermark Offline
Member

Registered: 10/09/07
Posts: 379
Loc: Georgia
This is one area of commercial real estate where I've seen commission rates all over the map. For those of you primarily doing commercial leasing how much are you typically getting per foot of GLA?

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#216375 - 04/01/08 11:43 AM Re: Commercial leasing [Re: Watermark]
chicagooffice Offline
Member

Registered: 11/26/07
Posts: 13
Loc: Illinois
The commission rates vary widely based on local tradition. For example in leases: In PA I have seen the broker get paid 6% in year 1, 5% in year 2 ... so the commission becomes more of an annuity. If you travel a few miles east into NJ the commission rate may be 5% of the lease payable to the office leasing broker upon occupancy while industrial is 5% to be split between the listing agent and the procuring broker. There is no "standard" number that anyone can point to.
_________________________
Busy leasing office space in Chicago. http://www.officeleasepros.com

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