Tenant Services
Whether you are a start up business in need of your first location or a national chain looking for expansion space, Barnard Commercial is ready to assist you with upstanding service, industry knowledge and support. We understand the challenging commercial market and have proven relationships and market knowledge to deliver innovative solutions for our clients.
FAQ's:
What leasing incentives should I ask for?
There are a number of areas within a lease negotiation that are flexible for a Landlord. The key to a successful lease is asking for the items most important to you in a professional format so you are taken seriously. Items to consider among others are: free rent, graduated rent schedule, Tenant Improvement Allowance (Landlord reimbursement for specified remodeling costs). We can help you format your proposal successfully in accordance with the market area and property situation which will maximize your results.
What is NNN?
NNN, stands for Triple Net and is the most common for of lease document for retail spaces. The NNN is an additional cost per square foot that covers the taxes, insurance and common area maintenance of the property. As a tenant you will pay your pro-rata share of these expenses, typically in the $6.00 - $8.00 per square foot, per year, range.
How is the TOTAL monthly rent determined?
Each space is listed with a yearly per square foot rate. In order to calculate the monthly rate for a specific space, you multiply the square footage of the space by the lease rate, then divide by 12 for twelve months is a year. Do the same for the NNN, then add the two together.
Example:
2,000 SF Space
$30.00 SF/Year
$6.50 NNN
Total Yearly Rate:
$30.00 SF/Year + $6.50 NNN
Total = $36.50 SF/Year
$36.50 Total Cost SF/Year multiplied by 2,000 SF
Grand Total = $73,000.00 Per Year
Monthly Lease Rate:
$ 73,000.00 divided by 12 (12 months in a year)
Monthly total rent: $6,083.33
FAQ's:
What leasing incentives should I ask for?
There are a number of areas within a lease negotiation that are flexible for a Landlord. The key to a successful lease is asking for the items most important to you in a professional format so you are taken seriously. Items to consider among others are: free rent, graduated rent schedule, Tenant Improvement Allowance (Landlord reimbursement for specified remodeling costs). We can help you format your proposal successfully in accordance with the market area and property situation which will maximize your results.
What is NNN?
NNN, stands for Triple Net and is the most common for of lease document for retail spaces. The NNN is an additional cost per square foot that covers the taxes, insurance and common area maintenance of the property. As a tenant you will pay your pro-rata share of these expenses, typically in the $6.00 - $8.00 per square foot, per year, range.
How is the TOTAL monthly rent determined?
Each space is listed with a yearly per square foot rate. In order to calculate the monthly rate for a specific space, you multiply the square footage of the space by the lease rate, then divide by 12 for twelve months is a year. Do the same for the NNN, then add the two together.
Example:
2,000 SF Space
$30.00 SF/Year
$6.50 NNN
Total Yearly Rate:
$30.00 SF/Year + $6.50 NNN
Total = $36.50 SF/Year
$36.50 Total Cost SF/Year multiplied by 2,000 SF
Grand Total = $73,000.00 Per Year
Monthly Lease Rate:
$ 73,000.00 divided by 12 (12 months in a year)
Monthly total rent: $6,083.33