How do I figure out what the market price for my commercial kitchen is?
Trying to collect as much data as I can about the rental market rates here for a commercial kitchen. Are there companies that compile the data and price indexes? Should I talk to a broker? Should I just list it? What are my options?
[{"id": "cfefkx8", "text": "You take the advice of the people who commented in the several other threads you have already created about this topic.", "replies": [], "depth": 1}, {"id": "cfeglj6", "text": "Do you own the building/space or are you leasing it and interested in a sublease? PM me and I'd be happy to discuss your options (I am a broker at a major shop).", "replies": [], "depth": 1}, {"id": "cfikkky", "text": "Talk to a broker. It can be valued based on the rental income generated by the property, or based on comps in the area, although that may be more difficult if there are few commercial kitchens to compare to in the area. Comparing to the sales of other types of commercial spaces close-by can give you a ballpark price per square foot, that may need adjustment based on the specifics of your building and it's use.", "replies": [], "depth": 1}]