How to obtain fair market price for leasing

Riverside, California
General Landlording & Rental Properties
5yFollow

How to obtain fair market price for leasing

Steve Gerage
Riverside, CA · Member since 2018 · 10 posts · 1 vote

Hi, 

I am a landlord for a warehouse. At the end of the leasing term.  The tenant have to right to extend the lease for another 5 years with 

Fair market price. 

We are in Southern California. Is there a company that we can pay to get a report of a trustworthy current market rate for leasing


thanks

0Reply
24 views

2 Replies

Jump to latestLatest
  • Scott M.
    Real Estate Broker · Rochester Hills, MI · Member since 2009 · 2k+ posts · 2k+ votes
    5y

    Commercial (not residential) real estate broker/agent is the professional you are looking for.  

    1Reply
  • Max Gradowitz
    Bakersfield, CA · Member since 2016 · 378 posts · 307 votes
    5y

    For commercial rents, you should ask a commercial RE agent/broker. Offer to pay them a flat fee upfront of $200 for a detailed rental market analysis and their opinion on current market rent for your building given the sq ft and location. Should be easy to obtain.

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free