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.
Quantify What You Want in Your Next Brewery Lease
Break a potential lease down and calculate its dollar impact per year - then incorporate that into what you ask for when it’s time to negotiate. Things like tenant improvement (TI) funds, exit clauses, and capped NNN increases should be treated as negotiable, not extras. Use anchoring: ask for two or three concessions you’d love to have.