It depends on the tenants ratings/credit and type and term of the lease. Sometimes with larger tenants it is 2-3% in first year and 50% of that for the remainder years of the initial lease term and in case of a renewal of
the lease it may be around 1% of the new lease term.
There is no hard and fast rules or practice and it depends on negotiations sometimes tenants broker gets more than the owner broker.
Jan 27, 2016