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.

05

Oct2018
CRE Definitions Series: Lease ExpirationMost leases have a start and ending date spelled out in a lease document. The last day of the lease should be clearly defined in the lease agreement or an addendum if occupancy didn't start on time. Tenant must be out of the space on the ... Read More
October 5, 2018Lynn Drake

03

Oct2018
Success Story: Michigan Women's Foundation RelocationTHE CHALLENGE:The Michigan Women’s Foundation had negotiated to buy a building with a developer when the transaction fell through. They approached Compass Commercial 6 weeks before their lease was due to expire for help. Their offices were in Detroit. The landlord, planned on raising ... Read More
October 3, 2018Lynn Drake

01

Oct2018
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 need to determine the right size space for your new or existing office.https://www.compass-commercial.com/space-calculator/     
October 1, 2018Lynn Drake

27

Sep2018
CRE Mistakes Series: Retailers not understanding their rent obligationsAt Compass we get a lot of calls from retailers who leased space without representation. Sadly, they didn’t read, much less understand, the lease they signed. They got their space, moved in, and started paying rent. Then they get the bill from ... Read More
September 27, 2018Lynn Drake

21

Sep2018
CRE Definition Series: Renewal OptionTenants often want the right to extend their lease term after the initial lease term expires. The right to extend the lease option should be spelled out in the lease. If you don’t have this option it doesn’t mean the landlord won’t renew the lease, simply ... Read More
September 21, 2018Lynn Drake

21

Sep2018
CRE Definition Series: Renewal OptionTenants often want the right to extend their lease term after the initial lease term expires. The right to extend the lease option should be spelled out in the lease. If you don’t have this option it doesn’t mean the landlord won’t renew the lease, simply ... Read More
September 21, 2018Lynn Drake

17

Sep2018
CRE Definition Series: Security DepositA deposit made by a tenant or buyer of property. The landlord or seller will usually determine the amount based upon the tenant’s credit or the purchase price of a building.    
September 17, 2018Lynn Drake

10

Sep2018
Interested in learning more about commercial real estate? Whether you are looking to move soon or just investigating your options, it is important to stay informed. Because we are a tenant-only representative your interests are our number one priority.If you want to stay informed about commercial real estate, sign up for ... Read More
September 10, 2018Lynn Drake

07

Sep2018
CRE Mistakes Series: Furniture Placement As agents, we don’t advise on furniture placement, but I can tell you when someone has made a mistake. A new neighbor in our office building has a single glass door entry with a very large side light. They have yet to move into the ... Read More
September 7, 2018Lynn Drake

27

Aug2018
Whenever you do a thing, act as if all the world were watching.         
August 27, 2018Lynn Drake