Retail is an entirely different skill set. Definately hire a retail specialist.
Fees vary per property. If its a difficult property and you are offering a low commission, do not expect a good broker to want to help you. Remember that commissions are less expensive than vacancy. Just look forward to between 4%-6% of the gross rents. You can ask to break it into payments, such as 50% now and 50% upon a certain milestone, like tenant opening for business or tenant paying rent for 6 months. Feel free to get creative, but remember that the further you delay payments, the less motivated people will be to bring you deals.
Apr 29, 2010