Archive: 2011

29

Dec2011
As any commercial real estate realtor or broker can tell you, leasing a commercial space is complicated. The leases are long and full of tiny clauses meant to give the landlord as much of your hard-earned dollar as possible. If you don’t speak lease, you’re likely to hit a series ... Read More
December 29, 2011Lynn Drake

30

Nov2011

Pass on the Pass Throughs

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This tax season you want to evaluate the pass through’s or increases over a base year that your landlord charges you.  More than likely you received a bill which shows the actual cost billed less any payments made for these costs. Pull out your lease to review the description on allowable ... Read More
November 30, 2011Lynn Drake

09

Nov2011

Even More Reasons to Relocate

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The business needs to be closer to the customer. Take a good look at this request.  In trucking if a plant moves it is cheaper to have a terminal close by for just in time delivery.  For office space it is a little more subjective.  Who are your customers?   My ... Read More
November 9, 2011Lynn Drake

26

Oct2011

More Reasons To Relocate

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Just remember the standard rule of real estate: If the deal looks too good to be true, it might very well be too good to be true. Grandma owns a building. It is a little run down. It is an hour away from our best customer. But we can save $5 ... Read More
October 26, 2011Lynn Drake

13

Oct2011

Why You Simply Must Move

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Legitimate reasons for moving abound, people need more space, less space, want a more attractive space or a more economical space. But then, as a leasing agent, we deal with the crazy and weird situations, some with bright solutions.  Here are a few from the Compass Commercial book of woes:  If ... Read More
October 13, 2011Lynn Drake

21

Sep2011
 You see a rental sign for a great building in super neighborhood, the kind of place you could grow your company and create a legacy. You think you might save a few dollars by negotiating the deal yourself. Landlords say the deal could go through faster, cheaper without outside interference. ... Read More
September 21, 2011Lynn Drake

07

Sep2011

Boxing in the Dark

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One of the things that make it hard to figure out the costs of leasing a building is that different types of real estate charge differently for space.  For instance a retail or industrial building is going to charge a base rent plus taxes, maintenance and utilities.  These chargers can ... Read More
September 7, 2011Lynn Drake

23

Aug2011
When you lease an industrial building or a strip center, what you see is what you get. Watch out for the costs within a large office space. Each tenant pays a percentage of upkeep in the common area. You already pay for the space within your suite including a lobby, storage ... Read More
August 23, 2011Lynn Drake

04

Aug2011

Chatting Up Real Estate

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Do you see a tall building and wonder what it would be like to own a space inside that property? Do you go on open house tours just see how others live and work? Do you want to become savvier in the real estate business? Come chat with Compass-Commercial. As ... Read More
August 4, 2011Lynn Drake

13

Jul2011

How Does It All Add Up?

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When I stumbled upon a job in commercial real estate I found nirvana. I liked bookkeeping and enjoyed studying business and accounting in college. But I couldn’t see my future in computerized ledgers. I needed more action.  I landed a job working for one of the biggest commercial real estate landlords ... Read More
July 13, 2011Lynn Drake