Movie Studio Wants to Lease Space and Curious on Pricing
Hello all,   


As the title suggests, I have a commercial property in the city (5 mins from downtown) that is currently in renovation condition. Lots of mechanicals are in place and some dry wall, but its not quite in shell condition. Roughly 3,000 SQFT they are looking to lease for a duration of 3 months. The contract is fairly simple, they'll do everything and pay for the time of using the space. Nothing really is required of us to make the project happen.   


My question is what is the going rates on these types of things? Any thing to watch out for?
[{"id": "ha4o0cj", "text": "Ask a local broker what the average rates are in the area then charge 20%-30% premium due the short term nature of the lease.", "replies": [], "depth": 1}, {"id": "ha4o1po", "text": "I haven\u2019t dealt with a situation like this previously let me know what happens", "replies": [], "depth": 1}, {"id": "ha4tu7t", "text": "If this doesn\u2019t go through, I would love for my commercial space to be considered! I\u2019m located in Montclair, CA and have about 5K worth of space that is available for the next 3 months \ud83d\ude4c\ud83c\udffb", "replies": [], "depth": 1}, {"id": "ha5fu2h", "text": "I always ask for asking rate + 50% more at least. Netflix paid it when they did a shoot here in Pittsburgh.", "replies": [], "depth": 1}, {"id": "ha5kk3p", "text": "$40/sf all in", "replies": [{"id": "ha6awfb", "text": "Why not a million?", "replies": [{"id": "ha6by4i", "text": "I don\u2019t think the market will bear high street retail rates for a short-term no TI situation\u2026", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ha5obtz", "text": "Are they going to return it to white box or shell condition, or leave as-is on exit? Will you still have reasonable access to show it to future tenants or will that be severely restricted? (unclear if they're filming in your space or it is just office/support)", "replies": [], "depth": 1}, {"id": "ha6b9ru", "text": "Asking plus 33-50%.  Walk thru it BEFORE hand and identify any deficiencies, and then after.  They pay for anything that needs to be repaired.  Make sure you're added as additional insured.  Are they using power/water/bathrooms?  More rent.  Fleet vehicles?  Make sure the parking lot can handle heavy trucks.  Might also want to consider your neighbors, as these guys will be loud, and working odd hours.", "replies": [], "depth": 1}]