why do banks generally pay a higher rent compared to other retail tenants? At least starting out?

In Leasing Property - Asked by Thomas K. - Nov 7, 2014
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Answer(s)

Joe F.
Owner/Investor
Atlanta, GA

May be in your area of the country. I have a Bank for lease in the Atlanta area for just below the going market rate. Must be a supply and demand situation. good luck!

Nov 9, 2014
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Ron S.
Owner/Investor
Herkimer, NY

In upstate NY the banks are downsizing their space . I rent one and they are asking for a little less space at an average market rate.

Nov 13, 2014
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Margaret B.
Broker/Agent
Glen Ellyn, IL

Banks generally don't pay a higher rate, if anything, they'd pay market rate or less depending on the length of the term. Banks are generally excellent tenants that sign 10+ year contracts.

Nov 26, 2014
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John L.
Owner/Investor
Lake Dallas, TX

Banks have a higher finish out than most and would have a pay back in the lease amount when negotiated, this and the fact they always want the prime locations are some of the reasons I see higher rents.

Jan 6, 2015
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