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.

18

Jul2016

Homework Required to Buy That Cool Building You Just Saw

by Lynn Drake / / Brokers, Purchasing a commercial building, Relocations
Before we work with any client looking to buy a building, we ask them to go to the bank and determine how much of a loan the bank will give them. Some of our clients end up talking with a teller or bank manager who doesn’t really know how to do this. ... Read More
July 18, 2016Lynn Drake

27

Jun2016

Todays Words of Inspiration

by Lynn Drake / / Inspiration
  He who dares Wins -Winston Churchill  
June 27, 2016Lynn Drake

27

Jun2016

Watch Before You Dive Into Your Next Deal

by Lynn Drake / / Brokers, Uncategorized
   Harvey MacKay, author of the seminal business book "Swim with The Sharks Without BeingEaten Alive" (prequel to the reality show Shark Tank) suggested that entrepreneurs focus their energies on drumming up business and managing staff.He recommends leaving the jobs you know little about to professionals who know a lot in ... Read More
June 27, 2016Lynn Drake

27

Jun2016

What is the difference between a Leasing Agent and Tenant Representative?

by Lynn Drake / / Brokers, Entrepreneur, Industrial Space, Landlords, Leasing, Office Leasing, Office Space, Relocations, Tenants
What is the difference between a Leasing Agent and Tenant Representative?*         You will usually find the leasing agents name on the for lease sign out in front of a building.  The tenant representative agent will be a bit harder to find because they won't have for lease signs as they ... Read More
June 27, 2016Lynn Drake

27

Jun2016

PLANNING MONTHS IN ADVANCE FOR SUCCESS TODAY

by Lynn Drake / / Office Space, Relocations, Tenants, Uncategorized
So you plan on moving your office or warehouse in the next six months or so?  Now’s the time to plan for the big day and for months of smooth operations thereafter. Here’s a fundamental game plan to ensure all goes well: Appoint a coach, whose primary task in the pre- and ... Read More
June 27, 2016Lynn Drake

18

Apr2016

What can you expect with a Lease Term of one to seven years or longer?

by Lynn Drake / / Entrepreneur, Entrepreneurs, Leasing
Many prospective tenants approach me with wish lists a mile long, itemizing everything they want in their business suite.  When I get down to their budget with them, I often learn they only want a one-year lease. You can’t expect the moon and the stars if you want a short-term ... Read More
April 18, 2016Lynn Drake

04

Apr2016

Looking for Commercial Real Estate? Beware of the wrong broker happening to you!

by Lynn Drake / / Brokers, Entrepreneur, Entrepreneurs, Leasing, Office Leasing, Relocations, Tenants
Not too long ago, a business coach called me about one of his clients who had a slightly unusual need for office space. His client had already hired an agent and was running into all kinds of challenges. Her coach told her to get rid of the agent and hire ... Read More
April 4, 2016Lynn Drake

21

Mar2016

You shouldn’t be sleeping at night if you have a month-to-month lease

by Lynn Drake / / Entrepreneur, Entrepreneurs, Leasing, Office Leasing, Tenants
Just before and during the 2007-2009 recession, month-to-month leases were very common. During that period, so many businesses experienced financial hardships that the tenants didn't want to sign long term leases.  At the same time,  tenants whose leases were expiring  often asked the landlord to let them rent on a ... Read More
March 21, 2016Lynn Drake

07

Mar2016

Early Cancellation Option for your Commercial Lease?

by Lynn Drake / / Accounting, Entrepreneur, Entrepreneurs, Industrial Space, Leasing, Office Leasing
Having managed a fortune 500’s real estate department for many years, I was never a big believer in long term leases. I found that business space needs fluctuate and it's often not good to be locked in.However, there are times when you may want to consider a long-term lease. For ... Read More
March 7, 2016Lynn Drake

29

Feb2016

Who said I should pay for a new heating and cooling unit?

by Lynn Drake / / Accounting, Entrepreneur, Entrepreneurs, Industrial Space, Office Leasing, Office Space
In the spring of 2015, I got a 22% increase in my common area maintenance (CAM) pass-through expense. CAM charges are billed pro rata to me and other tenants, based on our percentage of total property square footage and to cover the cost of common area upkeep.When I sent an ... Read More
February 29, 2016Lynn Drake