Commercial Real Estate Agent Commissions

Ask Why Our Fees Are Different

Commercial Property Brokerage Fees

Commercial real estate brokers in Minneapolis/St Paul, MN are compensated at the time of lease signing or sale closing. In most cases the building owner pays for all commercial real estate brokerage commissions, even when we represent the Tenant. CRE Partners has a ton of flexibility and can act as a full service agent or a fee based agent (and anything in between) depending on the situation. We will work with you on a fee structure to align our interests, maximize our motivation, and achieve your goals. Contact us to discuss your options.

We Disclose All of our Fees Up Front & On Proposals

We believe our fees are fully transparent and distinguish our services. We disclose all of our leasing or sales commissions up front and on proposals. You will never see “fee determined per separate agreement” on our documentation. If you don’t use us, make sure your Representative does the same and fight back against backroom deals and undisclosed fees.
commercial real estate, fee, disclosure
commercial real estate, reduced, fee, cheap

Offset Closing Risk, Reduce Fees

We can structure our commercial real estate commissions in many ways to align interests and meet the desired level of service. Whether you want a full-service agent or more of a consultant, we can design a fee contract that works best for you. Because we generally only get paid when a transaction is completed, our compensation percentages often reflect the risks involved.   

Commercial Real Estate Sales Commissions

For commercial property sales, the selling commission is dependent upon the complexity of the transaction and the selling price. Sale commissions range form 2% – 8%, and are usually split between buyer’s and seller’s brokers (Paid from seller).

commercial real estate, sales, selling, fees, commissions, minneapolis
commercial, office, warehouse, leasing, fees, commissions, minneapolis

Office & Warehouse Leasing Fees

Listing agreements and fee structures always account for a tenant representative and listing agent. For industrial leases in the Minneapolis market, Landlords typically pay 10.5% of the first years net rent, 9% of the second years net rent, 7.5% of the third years net rent, 6% of the fourth years net rent, 4.5% of the fifth years net rent, and 3% of the net rent for each year thereafter. For office leases, Landlords typically pay $1.50 per square foot per year of the lease up to five years and $1.00 per square foot for every year thereafter. The market currently requires landlords to compensate tenant representatives with approximately 2/3 the fee structure stated above. Listing agents generally receive the remainder. If we list a building and a tenant representative is not involved, we generally give the building owner a 33% discount. Also, we are flexible with payment schedules depending on the credit of the prospective tenant.

Tenant Rep Commercial Real Estate Commissions

No Savings are Gained by Not Using a Tenant Rep Broker. Listing agreements are negotiated before the property is exposed to the market, therefore Tenant Representative commissions are in place before a prospect visits a property. There is not discount to be had by not hiring your own broker because the full commission WILL be paid on every listing. However, you should be aware of what your tenant rep broker is charging, as above market fees will significantly affect your deal (especially if you lack appropriate credit). The commission is paid by the landlord at lease execution and occupancy. Utilizing the services of a Tenant Rep will save you time and money throughout the negotiation process.

tenant representation, fees, commissions, minneapolis
NOTICE: THE COMMERCIAL REAL ESTATE FEE OR COMMERCIAL REAL ESTATE COMMISSION RATE FOR THE SALE, LEASE, RENTAL OR MANAGEMENT OF REAL PROPERTY SHALL BE DETERMINED BETWEEN EACH INDIVIDUAL BROKER AND ITS CLIENT.

Commercial Real Estate Fees - Commissions

Commercial Real Estate Commissions in Minneapolis/St Paul, Minnesota (MN)