What do retail brokers typically get for commissions in Manhattan
Just curious as my firm is working on a tenant rep assignment there
[{"id": "i1uxy96", "text": "It is a good thing Manhattan is one homogenous space and all tenants have the exact same credit profile.", "replies": [{"id": "i1vic70", "text": "Well played", "replies": [], "depth": 2}], "depth": 1}, {"id": "i1vbznm", "text": "Term? Borough? use? TIs?", "replies": [{"id": "i1vtvd9", "text": "Im just curious what % is typical for NYC. In boston where I\u2019ve done many transactions it is 5-7 % of the total contract value for years 1-10 of the lease. Trying to pro forma what to expect for this project in revenue", "replies": [], "depth": 2}, {"id": "i1vtz01", "text": "See comment below", "replies": [], "depth": 2}], "depth": 1}, {"id": "i1vjz8h", "text": "What kind of credit is the tenant? Have you done alot of retail deals?", "replies": [{"id": "i3k5m5c", "text": "Good credit, apparel retail use with multiple locations across the country but not crazy corporate credit. Soho, nolita, meatpacking, nomad. What % of the aggregate base rent are T brokers paid? Do they get paid on options ?", "replies": [], "depth": 2}], "depth": 1}]