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

May2015
A friend of mine has the most perfectly located office in Metro Detroit.  As I drove there recently, I experienced some serious location envy. However, the green monster ended the minute I got to the building: there was virtually no parking! Where, I wondered, does everyone park? Entering the lobby, ... Read More
May 29, 2015Lynn Drake

29

May2015
Late 2014 was the most exciting time to be a Detroit agent in years. It seemed like everyone wanted to move! Our phones rang off the hook. We got calls from companies overseas, as well as companies in the US, all wanting to open an office here in the Detroit ... Read More
May 29, 2015Lynn Drake

29

May2015
Selling your tiny office building for $1 million is a bit like winning the lottery: there’s a small chance you can do so, and a much larger chance that you’ll never be able to do so. See, if you found someone who had the cash and didn’t require an appraisal ... Read More
May 29, 2015Lynn Drake

28

May2015
In our last post, we spoke about the importance of ensuring that you’re not being overcharged for operating fees in your lease. Why are we still talking about them?  Here’s why.  If you or your attorney didn’t address what can and can’t be charged in operating fees when you reviewed ... Read More
May 28, 2015Lynn Drake

28

May2015
What I really mean by that question is this: do you know what operating costs for a building consist of? What the operating costs of your building consist of? Let’s break it down. Operating costs include the building’s taxes, replacement insurance for the building, as well as fees for landscaping, ... Read More
May 28, 2015Lynn Drake

22

Apr2015
If I had a nickel for every time I’ve been asked this question, I’d be rich by now. Time after time, people ask me: why won’t the landlord reduce the rent of an empty building? It would stand to reason that an empty space would be a less expensive space, ... Read More
April 22, 2015Lynn Drake

03

Feb2015
Most landlords in the game today know their business in and out. They know what their competitors are asking. They know what deals are being done down the street—especially when they lose a deal to a particular landlord. Small firms might negotiate a lease once every 5 years. If this ... Read More
February 3, 2015Lynn Drake

21

Jan2015
At Compass Commercial, we are a part of International Tenant Representative Alliance (ITRA). This organization allows us to offer service to our clients across North America. We have given many referrals to our network and are also the recipient of many referrals. Twice a year, the owners of ITRA ... Read More
January 21, 2015Lynn Drake

07

Jan2015
It is interesting when one takes a group of people out on tour to see their reactions. Some people go simply on about how the space looks the minute they see it. Others are very analytical, and need lots of data. No matter what, your agent needs to run ... Read More
January 7, 2015Lynn Drake

17

Dec2014
Thank you to my wonderful staff at Compass for another great year. In this year, webegan working with the state of Michigan – a big contract for us to win! We werealso lucky to work with For Your Lead Caller, Atrio Systems, BSB Communications,Ceed and ... Read More
December 17, 2014Lynn Drake