When you lease space, it is important that you get an extra copy of the keys to your suite. It’s even better to have an electronic keypad added to your door. I love keypads that allow each staff member to have their own code because if someone leaves, you do not have to have the locks changed. Be sure to put a copy of the key or the ...
August 30, 2021Lynn Drake
Unlike other commercial real estate sectors that are struggling to recover from a year of pandemic shutdowns and supply chain disruptions, Detroit’s industrial sector has rebounded strongly. Due to the region’s world-class logistics infrastructure, it was able to provide just-in-time e-commerce-related warehousing and shipping during a period of immense growth ...
August 10, 2021Lynn Drake
The second quarter of 2021 has seen limited movement in the office market report. As Michigan’s vaccine rollout has slowed, renewed spikes in Covid-19 cases have supported employees’ arguments to continue working from home, which means that lots of valuable office space continues to sit empty. With significant employers like ...
July 19, 2021Lynn Drake
In 2010, when I opened Compass Commercial, it was initially just two people. Since it was big and only my son and I lived there, we both worked out of my house, and since no one else was around, we were very lax about our passwords. In 2012, we hired several more people and moved into our first office. It was an exciting time for me. ...
July 8, 2021Lynn Drake
View 21Q1 Medical Report - Statistical
June 11, 2021Lynn Drake
I interviewed Dan Cassidy for my new podcast "Exploring Business & Life". Cassidy is a principal at SME, where his responsibilities include setting and implementing business strategy for environmental groups, setting and executing the group's operational plan, providing senior technical leadership, and managing liability issues.https://youtu.be/w2Ne2TIN1uwView our other podcasts here.
May 25, 2021Lynn Drake
According to Lynn Drake of Compass Commercial, 2020 was the perfect time to refocus and work on her business rather than in the business. For her, that meant participating in Mentor We, sponsored by GLWBC.Drake revealed, “at the beginning of the year, my first quarter sales were up significantly, and ...
May 20, 2021Lynn Drake
The first quarter of 2021 wrapped up one of the most unusual years in recent memory. While the Covid-19 pandemic continued to impact development in Detroit, which is decelerating, particularly because of the region’s historical reliance on industries like manufacturing, the announcement of a vaccine began to improve future outlooks. ...
May 1, 2021Lynn Drake
Did you get an increase in operating costs for the building? 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 already which shows the actual cost billed less any payments made ...
April 26, 2021Lynn Drake
After being hit by one the fastest and deepest drop-offs in employment in its history, Detroit's economy has rebounded at a faster rate than other comparable metropolitan regions. Sales prices for industrial real estate remain significantly less expensive in Detroit versus the national average. Ecommerce and Logistics drove recent demand, ...
April 1, 2021Lynn Drake