Archive: March, 2018

23

Mar2018

Space Calculator

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Wondering how much office space you really need? They say, “Time is Money” - but in commercial real estate, Space is Money, too. Our Space Calculator helps you understand how much space you really do (or don’t) need. https://www.compass-commercial.com/space-calculator/    
March 23, 2018Lynn Drake

21

Mar2018
I can’t help but peek when I see new spaces being built out in the building that houses the Compass staff. Not long ago we watched in awe as one of the spaces was built out. A stunning kitchen area with a massive Island was built,along with a huge conference ... Read More
March 21, 2018Lynn Drake

19

Mar2018
Every city in the USA has zoning codes, which outline how a space can be used. One simple example is doctors, who often think they can lease space in any office building. However most medical buildings have additional parking requirements to accommodate their staff and clients. Therefore, traditional office buildings ... Read More
March 19, 2018Lynn Drake

17

Mar2018
March 17, 2018Lynn Drake

15

Mar2018
A listings agent’s job is to sell/lease you the space. They often exaggerate and tell the tenant the landlord will do anything to get them as a tenant. These are often verbal discussions and none of it makes it into the lease. The tenant is then mad at the owner ... Read More
March 15, 2018Lynn Drake

09

Mar2018
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March 9, 2018Lynn Drake
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08

Mar2018

Women’s Day

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When I opened Compass Commercial in 2010, my goal was to provide a safe space for women and minorities to work. I joined ITRA Global because it is unusual to find women in Commercial Real Estate, much less to find them owning the business. I remember taking Marilyn Nix, from Real ... Read More
March 8, 2018Lynn Drake

07

Mar2018
The representation of opposing principals (buyer and seller) at the same time. In brokerage, many states get around this by saying that the agent aids the buyer but is the agent of the seller only. Michigan law states that if a brokerage firm has a listing, the rights of that landlord ... Read More
March 7, 2018Lynn Drake

05

Mar2018

Math: Utilities

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Electric: 1.25 /s.f. 5000 s.f. leased 5000 x 1.25 = 60,000 60,000 / 12 months = 5,000/month  
March 5, 2018Lynn Drake

01

Mar2018

Do You Speak Lease?

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A must-read practical guide for do-it- yourself enthusiasts & aspiring real estate agents              
March 1, 2018Lynn Drake