Lynn Drake

Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on 35 years of commercial real estate experience. Lynn became a commercial realtor in 2001 after 15 years in corporate real estate. Thus far in her career, Lynn has successfully completed over 1,500 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.

Norhett Walls, Title, TNP Podcast 11.18.21

17

Jan2022

Exploring Business & Life Podcast – Norhett Walls

by Lynn Drake / / Podcast & Interviews
I interviewed Norhett Walls on the importance of title work in commercial real estate for my new podcast "Exploring Business and Life".Norhett is from Stewart Title. She's the Vice President of National Commercial Sales, and she's actually been in the real estate industry since 1999. She's worked in escrow, lending, ... Read More
January 17, 2022Lynn Drake
National Market Report

15

Nov2021

Q3 National Office Market Report

by Lynn Drake / / Market Reports
Office vacancies have continued to rise in 2021, as the adverse effects of the pandemic continue to plague the office sector. Even as work returns to “normal” following lockdowns and, now, vaccines, it seems likely that the transformation of office work particularly, which many people have continued to do remotely, ... Read More
November 15, 2021Lynn Drake
Space Occupiers

11

Nov2021

Insider Lease Tips for Space Occupiers

by Lynn Drake / / Leasing
Article Submitted by Wayne Teig, Principal, ITRA Global l Minneapolis-St. Paul  While all leases are different, there are some things that a space occupiers should always consider before signing that next lease. Our top five are below:Retain an experienced, tenant-only real estate advisor. In addition to potentially saving your company ... Read More
November 11, 2021Lynn Drake
industrial space

10

Nov2021

Industrial Space Hard to Find in Tight Markets Worldwide

by Lynn Drake / / Industrial Space
  By: Article Submitted by Wayne Teig, Principal, ITRA Global l Minneapolis-St. Paul Across the industrial product types, levels of vacant space remain very low. This has allowed landlords to increase rental rates and decrease concessions over the past decade. What does the future hold for industrial space occupiers? It depends on ... Read More
November 10, 2021Lynn Drake
Industrial Market Report

10

Nov2021

Q3 Industrial Market Report for Detroit, MI

by Lynn Drake / / Market Reports
Unlike other markets that have struggled to rebound after being devastated by the Covid-19 pandemic shutdowns and unemployment struggles, Detroit’s industrial sector has been incredibly resilient, reaching a 10-year high during the second quarter of 2021. This is largely due to Michigan’s historical leadership transportation equipment exports, which has resulted ... Read More
November 10, 2021Lynn Drake
Washington DC 2

09

Nov2021

Art, Architecture, or Bad Design? Washington, DC

by Lynn Drake / / Commercial Real Estate
What Do You Think? In the fall of 2019 I was at a conference in Washington DC.  This is a picture of new shopping area which was relatively new when we visited it. Do you think it's art, architecture, or bad design?  
November 9, 2021Lynn Drake
Office Market Report

26

Oct2021

Q3 Office Market Report for Detroit, MI

by Lynn Drake / / Market Reports
The Detroit office market has struggled to recover amidst the ongoing Covid-19 pandemic. Although many companies prepared to return to business as usual following the arrival of vaccines, Michigan’s failure to reach a herd immunity rate of 70% (only 50% of Michigan residents are vaccinated) and the emergence of the ... Read More
October 26, 2021Lynn Drake
Disaster Recovery Part 6 Keys

30

Aug2021

Disaster Recovery Part 6: Keys

by Lynn Drake / / Commercial Real Estate
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 ... Read More
August 30, 2021Lynn Drake
Industrial Market Report

10

Aug2021

Q2 Industrial Market Report for Detroit, MI

by Lynn Drake / / Market Reports
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 ... Read More
August 10, 2021Lynn Drake
Office Market Report

19

Jul2021

2021 Q2 Office Market Report

by Lynn Drake / / Market Reports
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 ... Read More
July 19, 2021Lynn Drake