Trying to calculate the total monthly lease rate on a commercial real estate building or space can be a difficult process. Especially with all the added expenses you are likely to encounter as you are going through the lease agreement. Terms such as maintenance cost, property taxes, gross lease, NNN lease, common area maintenance, etc. and their effect on the total monthly lease payment creates a lot of confusion for a tenant.
For this reason, it is very helpful to work with an experienced commercial real estate agent or broker. Another great tool that can be very useful as an estimate on monthly lease rate, is a Commercial Lease Calculator. Some landlords will quote yearly lease rates and some will quote monthly lease rates. In either case, rates will be based on price per square foot.
You can find a simple Commercial Lease Calculator and article here:
For assistance on lease rate calculation or information on commercial real estate for lease in the Cedar Rapids Metro area, contact one of our experienced commercial real estate listing agents today!
