No set formula, but the key right now is to motivate agents to get you someone fast. You can usually negotiate lower rates if you agree to pay the entire amount at lease signatures.
Also depends on length of term, some landlords get stingy and decide to cut the length so that they can pay a lower commission, we do not put up with that, and will not bring you more tenants if you do that even once. If you decide on a short term lease pay at least $5/SF.
Offer incentives to the agents directly (gift cards, etc)
Feb 3, 2009