I need some help, never ran into this issue before but any help would be greatly appreciated.I have a commercial property lease being renegotiated, it's currently listed at $1 million. The new lease won’t kick in for the next 4 years where the lease will double the price it is now. My question is, how would i price it now?
ok, so I'm not sure I totally follow... is the extension a tenant option or the rent just bumps up in 4 years? You negotiated a whole new lease now for 4 years from now or the terms of the current lease just change then?