Sometimes tenants ask the landlord to build in the furniture. I was working with a client who wanted a built-in reception desk, walls, and then desks behind the walls. I suspected he thought this was going to be free, as it was part of the build out. The client was ...
June 26, 2018Lynn Drake
How do you hire a commercial real estate agent? Thank you for your requesting your copy of "How to Hire a Commercial Real Estate Agent." Click on the link to access the article. If we can help you in any way, feel free to contact us by email at email@example.com or by phone at ...
June 18, 2018Lynn Drake
Tenants Share of Taxes: If you have a net/net/net lease, then your firm is responsible for the rent plus a share of the operating expenses, taxes, and insurance. Tax Expense: $1.85/sq ft Lease Area: 10,000 sq ft Calculation 10,000 sq ft x 1.85 = 18,500/year 18,500/year/12 months = $1,541.67/month
June 15, 2018Lynn Drake
The Challenge: The State of Michigan needed a new location for their Secretary of State office in St. Clair Shores, because the location under lease did not have enough parking for their vistors The State had outsourced their real estate acquisitions to 5 commercial real estate companies operating in Oakland County, ...
June 12, 2018Lynn Drake
Wondering how much office space your business really needs?We can help! Follow the link below to our website, which will provide you with the tools you needed to determine the right size space for your new or existing office. https://www.compass-commercial.com/space-calculator/
June 6, 2018Lynn Drake
Lease Expiration Date:Most leases have a start and an end date spelled out in a lease document. The last day of the lease should be clearly defined in the signed lease agreement. The tenant must be out of the space on the last day of the lease, or they may ...
June 4, 2018Lynn Drake