Trending Content - Real Estate Forum
| +42 | What Is Your Backup Plan? | 20 | 12m |
| +39 | Where are free agents signing? | 21 | 6h |
| +35 | AvalonBay Equity Residential Merger discussion | 16 | 4h |
| +34 | Future of Real Estate | 9 | 9h |
| +31 | Laughable Job Posting | 12 | 2h |
| +16 | Extremely Slow Ramp Up | 1 | 1d |
| +14 | In RE, what is the ONE software tool you couldn’t survive without? | 5 | 1d |
| +10 | Dynex | 5 | 14h |
| +9 | Portfolio Management strategy/transaction exposure on the analyst/associate level? | 1 | 13h |
| +9 | Development Budget: use RENTABLE or GROSS BUILDABLE sf? | 3 | 3d |
Career Resources
Most brokers are going to ask for 5% but I’d be happy to do it for 3%
I'm not sure about office/industrial but this is what my firm charges for multifamily, usually get 3-4% on deals of that size.
This was a bad joke - anything $20m and above I’d have a hard time believing you could get above 2.5%
Really? I guess above 50m, yeah, but in that 20-30 million range we tend to hit 3% pretty regularly.
LOL, sounds like a standard ReMax deal! (yes, I know you are joking...)
I thinks this really depends on "sub" institutional it really is.... If this is still "class B" office/industrial with stabilized rent rolls (can have some vacancy/value-add angle)... I think you could find legit brokers at major firms who would take this for 1%, I mean a $200-$500k pay day is plenty. In some markets, you may find those willing to take at 75 bps or even 50 bps (not sure if a good idea, but its a competitive world).
If this is class C or heavily vacant or other wise more "non" institutional, then I think 1% is prob a floor and you should budget up to 3% with some incentives.
This price range is still pretty big regardless of asset class, so I think you still get a pretty competitive rate unless really sketchy on some dimension (like will be super hard to sell)
Quo quibusdam doloribus et non quos facere. Ad et quis facilis magni unde quo. Labore non ut qui eum laboriosam exercitationem aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...