A 3,000 sq. ft building that I want to lease is listed at $10.00/SF/YR on Loopnet, meaning I would have to pay $30,000 per year which is a bit above my budget. If I were to offer $8.00/SF/YR, would this be considered insultingly low?
Basically I'm just trying to figire out how much commercial/industrial rents "marked up" when they are advertised online, and how much are they ACTUALLY are leased for once the deal is closed.
Is there an industry-wide practice where the rent is listed higher than what it actually goes for?
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source https://www.reddit.com/r/RealEstate/comments/o9smxi/how_much_wiggle_room_is_there_when_negotiating/
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