Commercial estate agents rental percentage

[srebbe64]

Because of Covid, like many other companies, we’ve laid off some staff, while other staff are working from home. We own two buildings and now we can fit everyone in the larger of the two. As such, I’m looking at renting out the smaller building. I asked a commercial estate agent to give me a quote and was surprised to see a 10% commission on the rent. Is this the going rate?

[srebbe64]

Thanks for the replies. All I wanted to know is whether 10% was the going rate. Having got a couple of agencies quoting it seems it is (coupled with the feedback on here of course). I knew property values and rental values would be down - supply and demand and all that. I'm guessing they're both down by 30%+ in my region. You can't fight the market - it is what it is. And, of course, I'm not lumbered with the Business Rates when it's rented out.