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  1. #1

    Default Suggested Yearly Rent Increase

    Hello All.

    Question on suggested retail rent increase. The applicant is asking for a 3 year lease with a 3 year option on a 1000 sqft retail strip mall corner with parking, bathroom. Going rate is about $1.8-$2/sq ft.

    6 units total

    Does anyone have a suggestion on a rent increase in So Cal Pasadena area for such a lease?

    Modified Gross (they pay for elect and their own liability Ins), landlord pays for partial common elect, water and Prop Ins and Prop Tax.

    Thanks


 

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