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Broker in RiNo told me to lock a 5 year lease in 2021, and I'm still trying to figure out if he saved me
A broker out of RiNo told me back in spring 2021 to lock in a 5 year term on my 4,000 sq ft space at $28 per sq ft instead of going month to month, and I signed it. Now my neighbor down the block is paying $38 per sq ft on a new deal and tells me I'm sitting on a steal, but two other tenants in my building say they wish they had waited because they think rates are going to cool off with all the new supply going up along Brighton Blvd. I can't tell if the guy was a genius or just lucky, since he also told me to pass on a spot on Larimer that tripled in value. Half of me wants to find him and buy him a beer, the other half wants to know what he saw that I didn't. Anyone else get told to sign long in 2020 or 2021, and how is that playing out for you now?
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