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.
Lynn Drake
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Jul2017
July 7, 2017Lynn Drake
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Jun2017
Leasing Executive Suite Space
What is an executive suite, and why might you want to consider leasing one?Executive suites are a luxury, to be sure, but for newer businesses looking for a place to meet with clients they’re definitely something to consider. Executive suites cover a wide range of options, allowing ... Read More
June 28, 2017Lynn Drake
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Jun2017
Early this year, I had pulled my back and had to go see my chiropractor. When I called, there was an odd message about being temporarily relocated. Turns out the fire suppression failed in his office and went off one night, ruining everything they had. He found ... Read More
June 19, 2017Lynn Drake
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Jun2017
Remember to Run the Numbers!When I stumbled upon a job in commercial real estate, I found nirvana. I liked bookkeeping and enjoyed studying business and accounting in college. But I couldn’t see my future in computerized ledgers. I needed more action.
I landed a job working for one of the ... Read More
June 15, 2017Lynn Drake
05
Jun2017
Know Before You SignLeasing a commercial space is complicated.
The leases are long and full of tiny clauses meant to give the landlord as much of your dollar as possible. If you don’t “speak lease,” you’re likely to hit a series of road bumps as you evaluate what your potential ... Read More
June 5, 2017Lynn Drake
31
May2017
How Much Space do you Really Need?The Compass Commercial Space Calculator results may surprise you, whether you’re a small firm or a large corporation.
Give it a spin!
https://www.compass-commercial.com/space-calculator/
May 31, 2017Lynn Drake
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May2017
You May Need Some Extra Muscle to Sublease!In mid-2016 my ITRA partners located on both coasts started seeing more subleases. There weren’t may here in the Detroit area until several months later. The few that were listed below market in the city of Detroit were quickly leased.
Subleasing can be ... Read More
May 24, 2017Lynn Drake
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May2017
What is the difference between a Leasing Agent and a Tenant Representative?You will usually find the Leasing Agent’s name on the “for lease” sign in front of a building. The Leasing Agent represents the Landlord, and is sometimes called the Property Manager.
The Tenant Representative Agent may be harder to find, ... Read More
May 16, 2017Lynn Drake
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May2017
May 12, 2017Lynn Drake
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May2017
See the Amazing Results Compass Managed for a Non-Profit!
The Challenge:
The Girl Scouts had a long-term lease at the Fisher building in Detroit, Michigan. Their rent was significantly over market and they had more square footage then they needed. They also faced many issues as a building tenant, including: Bankruptcy of ... Read More
May 3, 2017Lynn Drake