So many leasing agents get fixated on rent rates. I don’t. I focus on value — creating it and, just as importantly, demonstrating it.
When a prospect says, “Your space is $5 more per square foot than the center down the road,” don’t defend. Break it down into actual dollars and cents.
Let’s say your space is 1,200 SF and the competitor’s is $5 cheaper per SF. That’s a $6,000 difference per year, or $500/month. Break it down further: $16.67/day.
If you’re talking to a pizza shop owner and a cheese pizza sells for $10, you ask:
“Do you think being in a Publix-anchored center instead of a Winn Dixie one will help you sell two extra pizzas a day?”
Their answer? Almost always yes.
That’s the power of quantifying value. Instead of negotiating price, you reframe the conversation around real business impact. You’re not selling — you’re helping them see how your space improves their bottom line.
Prospects don’t want a cheaper rent. They want more profitable locations. Use math to show them why yours is exactly that.