rosie4u2
469 post s
25-Mar-2008
7:39 PM
|
so my 1st yr lease is up at the end of April. I am like pretty new in business and this is my first "salon", I rent a room in a salon suites studio called salon boutique take a look if you like. http://salonboutique.net/index.swf its beautiful and only about a 1 1/2 yrs old. got it at a great weekly rate when i moved in but today i got notice they want to raise my rent a whooping 43%. Now i think that is way to steep. right now i am paying 70 % of the orginal amount full price amount. ok to the question. what is a fair increase? what would be an increase in a regular room, what would be the increase for a place where i pay everything, water lights garbage. feedback appreciated. whats typical in commercial rent increase. thanks roseann from the eyelash chat room and voyeur of this room
Last Edited on 25-Mar-2008 10:38 PM
|
Maggie
1395 post s
26-Mar-2008
4:50 AM
|
They sure waited their sweet time - I would start looking. Even if you got a discount the first year, that is an insane increase. My rent increases from 3-5% per year and it has been 4% the past four years. I also have a cap on increases carved into my lease, too.
|
LiZa
2779 post s
26-Mar-2008
7:20 AM
|
I rent in a large medical office bldg. My rent increases aobut 4% per year also. I have wonderful amenities,such as a coffee shop,a large common area for ppl to wait, medical janitorial svcs daily,surgical laundry facility and a H2O2 sterilization facility for my handpieces, footpedals etc, all at no extra charge. I too would look around, thats a heck of an increase!
Liza Sims
www.cosmetictattoo.com
LIPigments US Distributor
Wake Up with Makeup ALASKA
907-561-3937
|
Brandy
444 post s
26-Mar-2008
8:45 AM
|
Have you researched what others pay in a similar facility?
You work in a very upscale building, it's beautiful. What is your rent per month now per square foot? And how much would it be with the increase?
Call a commercial real estate agent and ask what is available in your area and what the rents are per square foot. This way you will be able to compare yours against others. You may find that even with the 43% increase you're still in line with other spaces. But be sure to compare apples to apples. You may find a spot for half the price but it may be in an undesirable location without the benefits you are getting now.
|
rosie4u2
478 post s
26-Mar-2008
5:34 PM
|
thank you very much for all the feedback. after looking around and doing a little research. I am going to write a letter on what i think a fair amount is. see what happens. when you look at the numbers a 20.00 increase would make it 80% of the retail value. but their retail value is still higher then most in scottsdale. i will keep you posted thanks again for your time
|
