💵 How to negotiate rents
Jun 11, 2024
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Dear Pedal,
I’m opening a bakery and I would LOVE some advice on how to negotiate rents. I read your newsletter so I know the number I see on a flyer is supposed to be negotiated, but how do I know how much to negotiate it? I definitely want to get the best deal possible but I HATE haggling!
Help please!
Bashful Baker [not their real name]
Dear Bashful Baker,
THANK YOU for writing in to us - it’s a great question, so let’s dive in.
My first pro tip is to use a broker - come on, you knew I was going to say that! Brokers negotiate retail deals all day every day - they will have a good sense of what is “market rate,” meaning, the rental rates of similar spaces nearby. ...
