Auditing Your Brewery’s Hidden Lease Costs
Triple-net expenses like taxes, insurance, and maintenance can easily equal 30% to 50% of your rent. Perhaps even more. Asking your landlord for an itemized breakdown (from the past couple of years or so) is a smart move. Take a few minutes to scan the details and look for anything that stands out - big year-over-year jumps or pass-through costs that don’t make sense.
Rent vs Market: How To Know if You’re Overpaying per Square Foot
It’s well worth your time to calculate your dollar-per-square-foot-per-year rate, which is simply your total annual occupancy cost divided by your square footage. Then compare that to local listings. Market rates can shift quickly, especially if it’s been a couple of years since you last negotiated.