Henry

The CBRE rep refuses to offer any market comparables and states they don’t have to accept ours. They compared our PO with others on the list available on the internet, but we also found others on the list at a higher rate. We stuck to our 29% increase based on normal inflation from the lease amount 10 years earlier and that we had only a 10% increase fixed five years ago. We kept our negotiation via email rather than conference call which documented their lack of direct answers when questioned about commissions.
We offered a $1000 fee (0.93%) if they CBRE would recommend our amount. We also justified our rental rate based on projected expenses to operate the PO, past expenses and location across from the only grocer within 20 miles. They quickly accepted this offer and sent us lease to sign, no termination, renewal option, purchase option or cancellation on a 5 year renewal