Realtor fees

[inquilino]

What is the average realtor fee for office/commercial space? I heard it is 5%, but could go as low as 3%. Assuming a US$2 million transaction, is 3% still reasonable? could it go lower?

Thanks

[mike l]

Originally Posted by inquilino

What is the average realtor fee for office/commercial space? I heard it is 5%, but could go as low as 3%. Assuming a US$2 million transaction, is 3% still reasonable? could it go lower?

Thanks

You would think for 2 mil you should be able to negotiate your own rate but for 1 point I will be more than happy to broker this for you.

[Castellamonte]

Originally Posted by inquilino

What is the average realtor fee for office/commercial space? I heard it is 5%, but could go as low as 3%. Assuming a US$2 million transaction, is 3% still reasonable? could it go lower?

Thanks

3% is reasonable, yes.

[Black Dog]

3% isn't bad but you could get it lower especially in the current climate!