Commercial Property Management Fee

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Hey guys I'm fairly new to BP so I apologize in advance if this question is to blunt or invasive. Anyways, I study real estate management and it's something I would like to pursue in the near future. I want to specialize in Commercial Property Management because I feel that a lot of firms neglect Commercial properties and it's a problem I want to solve. My question is:

Is a $1,000 flat fee for managing a a Commercial property (Retail, Anchor, or Office building) an absurd amount or fair based on your establishments?

(No finder/leasing fees involved)

Thanks Guys and I look forward to learning from you all.

[Greg V.]

To fill a space, I pay $2 per sq foot if our realtor is representing both parties. If the tenant has a realtor then I have to pay $2 per sq ft for each so a total of $4 per sq ft. I think that's where your money is made along with any purchases. For me, the management is much easier than a residential so I'm only willing to pay 5% of the monthly lease if I use a management company at all (I don't live in the same area as my investments). The 5% only covers collecting checks and dealing with fixes I'm on the hook for like the roof and HVAC. You may want to think about a tiered structure. 5% for check collecting. 7% for check collecting, and paying other recurring bills like landscaping, or any taxes or utilities the owner pays. 10% may be the "gold" level of service and may include yearly tax assessment evaluation and fighting with the assessor to bring down the assessment if needed. That may also include some other services I can't think of here. This isn't something that I've seen in the industry but I think it may make sense.