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.

25

Apr2012

Should You Put Your Office On A Diet?

by Lynn Drake / / Brokers, Leasing, Tenants, Trends
When you think about renting property, how much space do you REALLY need? Will the need to gain space? What if it looses space? How can I forecast in this turbulent world? Who tells the truth?All too often clients come up with a round number that feels right in the ... Read More
April 25, 2012Lynn Drake

10

Apr2012

The Seven Year Itch

by Lynn Drake / / Brokers, Leasing, Tenants, Trends
Just because your lease contract says seven years doesn’t mean you can’t negotiate sooner. In fact, it may be in your best interests to do so. If you have two years left on your lease, think about a “blend and extend” option.What this means is starting with a fresh lease ... Read More
April 10, 2012Lynn Drake

02

Apr2012

Why I Joined ITRA Global

by Lynn Drake / / Brokers, Leasing, Tenants, Trends
When I made the decision to leave Equis back in December 2009, it took me almost a year to do the due diligence that came along with deciding how my new entity would look. I spent most of the year talking with franchisors about the cost of ... Read More
April 2, 2012Lynn Drake

20

Mar2012

Timing IS Everything

by Lynn Drake / / Brokers, Leasing, Tenants, Trends
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; and the seconds you wait for a text message; each of these intervals  remind you of that inescapable truth -  timing is ... Read More
March 20, 2012Lynn Drake

08

Mar2012

Do You Speak Lease?

by Lynn Drake / / Leasing
Some of us speak Greek, Spanish, French or Mandarin in addition to English. We think we can speak real estate, but you had better know someone who can speak fine print or your lease terms could get lost in translation.Pay careful attention to how a commercial or ... Read More
March 8, 2012Lynn Drake

29

Feb2012

Do you have an edifice complex?

by Lynn Drake / / Brokers, Leasing, Tenants, Trends
New business people, infused with optimism, take delight in buying or leasing a business. They spend big dollars for awnings, neon signs and landscaping, not to mention signing a multiple-year lease.  Some people invest their entire pension in a new enterprise with hope it will work.I may sound like your ... Read More
February 29, 2012Lynn Drake

13

Feb2012

Watch Before You Dive Into A Deal

by Lynn Drake / / Brokers, Leasing, Tenants
Harvey MacKay, author of the seminal business book, “Swim with the Sharks without Being Eaten 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 ... Read More
February 13, 2012Lynn Drake

01

Feb2012

“I Got Such a Deal..!”

by Lynn Drake / / Brokers, Leasing, Tenants, Trends
When people find out I’m a commercial real estate agent they often sidle up close and whisper in my ear, “Let me tell you, I got such a deal,” and expect me to nod approvingly. Dare I frown? A deal isn’t always a deal. A gentleman who coordinated real estate ... Read More
February 1, 2012Lynn Drake

09

Jan2012

Sharing 2012

by Lynn Drake / / Brokers, Leasing, Tenants, Trends
Most people have set down their goals for 2012.  It is my tradition to do this every year for myself and my business.  This year Compass Commercial has a big hairy audacious goal in revenue.  In addition to more revenue and less fat on my person my goal this year ... Read More
January 9, 2012Lynn Drake

29

Dec2011

Commercial Real Estate Leasing: Know Before You Sign

by Lynn Drake / / Brokers, Leasing, Tenants, Trends
As any commercial real estate realtor or broker can tell you, leasing a commercial space is complicated. The leases are long and full of tiny clauses meant to give the landlord as much of your hard-earned dollar as possible. If you don’t speak lease, you’re likely to hit a series ... Read More
December 29, 2011Lynn Drake