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 ...
December 29, 2011Lynn Drake
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 ...
November 30, 2011Lynn Drake
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 ...
November 9, 2011Lynn Drake
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 ...
October 26, 2011Lynn Drake
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 ...
October 13, 2011Lynn Drake
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. ...
September 21, 2011Lynn Drake
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 ...
September 7, 2011Lynn Drake
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 ...
August 23, 2011Lynn Drake
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 ...
August 4, 2011Lynn Drake
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 ...
July 13, 2011Lynn Drake