Getting a Bakery Lease - Trust Commercial Broker to be Helpfulness vs Interest to Make Money?
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[{"id": "ff9izrm", "text": "1. This is the gamble with any broker as there are a lot of bad ones and many are just interested in getting the biggest fee they can. I'd be more concerned that brokerage doesn't really appear to be their primary job. Retail Tenant Reps shouldn't be hard to find. Did you sign a representation agreement? \n2. Personally, I don't like a 10-yr initial term for a start-up. That's an incredible amount of potential liability should things go south. I much prefer shorter terms with options to extend. \n3. Impossible to give you a blanket rate. Ask your broker for market comps. \n4. Length of lease could have to do with your volume of required TI. If you're asking for a lot, then that's going to impact rate and term. It's all numbers on a spreadsheet. Decide whether you want to give up term for the LL funding your improvements or pay for some yourself and shorten the term.", "replies": [], "depth": 1}]