OPINION OF LEASE RATE
Are you a Landlord with a commercial / industrial space for lease?
A Landlord needs a real estate professional to assist in selecting the Tenant for the property as well as effectively placing the commercial or industrial property for lease on the market. Leasing a commercial real estate property requires a lot of research and planning as well as a lot of leg work in finding the right business to occupy the space. Target Realty Corp. will do all the work – while you continue to run your day-to-day operations.
but first – we need to established the lease rate.
Unlike sales statistics, there is no requirement to report commercial lease rates within our industry. Lease rates are not public information. We gather our information internally and from our industry contacts.
We consider current net asking rates for the Calgary market, the most comparable deals compmleted in the last year, and trends for comparable land and building size range, function and location. We consider the specifics of your location: trnasportation and bus routes; age, quality, and construction of the building; offsite improvement; site specifics; business neighbours; environmental concerns.
The considerations used to value the properties and conversion of that value into a market lease rates involved the following:
Land Value ~ Building Value ~ Building Features Value
Market Comparables ~ Market Capitalization Rates ~ Today’s Comparable Options