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.

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

15

Feb2016

Big words created by real estate firms

by Lynn Drake / / Brokers, Leasing
Recently, I got a call from a prospective tenant asking me for something I had never heard of before. After 30 years in the business, I thought I had heard it all! Together, we reviewed our process so she could identify what it was she needed.  Turns out this client ... Read More
February 15, 2016Lynn Drake

01

Feb2016

The ABC’s of Real Estate

by Lynn Drake / / Leasing, Uncategorized
Did you know that office buildings have a rating system?  We often will say a building is a Class A building—but what does that really mean?Class A BuildingsA Class A office building means the building is either less than 7 years old, or the lobby has been upgraded in the ... Read More
February 1, 2016Lynn Drake

25

Jan2016

The personal guarantee on a lease

by Lynn Drake / / Entrepreneur, Entrepreneurs, Leasing, Office Leasing, Office Space, Tenants
Are you a new business looking to lease space? Most landlords require you to provide financial statements from your accountant before making decisions on whether or not they’ll lease to you, or how much of a security deposit will be required. If your business is brand new, try and find ... Read More
January 25, 2016Lynn Drake

18

Jan2016

What goodies might you negotiate into your lease?

by Lynn Drake / / Office Leasing, Office Space, Uncategorized
In many buildings, there are extras you might consider adding to your wish list, such as:Extra storage for free during a certain time of year Instead of free rent in your first year, you could take the free rent over the course of the lease during the months with the lowest ... Read More
January 18, 2016Lynn Drake

20

Dec2015

The other side: seeing things from the business owner’s perspective

by Lynn Drake / / Entrepreneur, Goals, Uncategorized
Having been in this industry for many years, I feel like I’ve seen it all. My experience working for a landlord, and then working in a corporate real estate department  before becoming a real estate agent was so very useful in teaching me all the sides of a transaction.But what ... Read More
December 20, 2015Lynn Drake

06

Dec2015

Giving Back

by Lynn Drake / / Inspiration, Uncategorized
When I was younger, I did a lot of volunteer work.  It ranged from raising money for a nonprofit to sitting on various boards for industry-related businesses.  As I got older, and gained more responsibility and a family, it got harder to find the time to do these things.  My ... Read More
December 6, 2015Lynn Drake

22

Nov2015

Timing is everything

by Lynn Drake / / Landlords, Leasing, Office Leasing, Uncategorized
The hours you spend pacing the floor, waiting for a family member’s first child to be born; the minutes you spend waiting for your computer to boot up; the seconds you wait for a text message…each of these intervals remind you of that inescapable truth: timing is everything.Did you know ... Read More
November 22, 2015Lynn Drake

08

Nov2015

Quotes from our clients

by Lynn Drake / / Brokers, Leasing, Tenants, Uncategorized
There’s really nothing better than hearing our clients are happy with the work we’ve done.  Below are some of the quotes we’ve heard from our wonderful clients!Littelfuse"I would like to thank Lynn and her staff at Compass Commercial for the time and energy spent to provide us with various leasing ... Read More
November 8, 2015Lynn Drake

25

Oct2015

What can a Tenant Representative do for your company?

by Lynn Drake / / Uncategorized
Think you can handle your next lease transaction without a tenant representative? Here are a few things to consider. Time is money. On average, a transaction under 5,000 square feet would require an agent spending about 30-40 hours on the transaction. Comparison shopping. The right agent will prepare and negotiate on several ... Read More
October 25, 2015Lynn Drake