When I managed the real estate for Kelly Services across North America, I was amazed how often people told us they needed more space than they actually required.One man had been with his company for 30 years. He had his office rebuilt even bigger than the president’s office, with extra ... Read More
“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
15
Sep2017
Your company culture might encourage people to flex their schedules and stay late in the evening or come in on weekends during crunch periods. Can your building accommodate you? Does it accommodate the hard workers down the hall at your expense?The big question is: Who controls the thermostat?If a building ... Read More
September 15, 2017Lynn Drake
12
Sep2017
It really nags at me that there are firms out there who claim they’re representing your best interests when, in reality, they’re doing the opposite.Many are simply project managers and construction companies in disguise—not truly tenant representatives.
Confused?
Here’s How This Works:
You’re looking for space, and you find a supposedly “good” tenant ... Read More
September 12, 2017Lynn Drake
06
Sep2017
September 6, 2017Lynn Drake
29
Aug2017
August 29, 2017Lynn Drake
18
Aug2017
Most landlords in the game today know their business inside and out. The stay on top of what their competitors are asking and what the market will bear. They know what deals are being done down the street—especially when they lose a deal to a particular landlord.Here’s the thing: landlords ... Read More
August 18, 2017Lynn Drake
09
Aug2017
Follow this link to determine how much square footage your firm needs: https://www.compass-commercial.com/backoffice-space-calculator/
August 9, 2017Lynn Drake
08
Aug2017
We talk a lot about the importance of an RFP (Request for Proposal), and written about the top mistakes that tenants make. One mistake we see frequently is that tenants don’t check the RFP against the final lease.A good agent will do this for you automatically.Many agents will affectionately tell ... Read More
August 8, 2017Lynn Drake
02
Aug2017
Across the country, building owners charge different rates for electricity, usually based on their climate. An electrical rate in Troy, Michigan will be far different than that charged in Phoenix, Arizona. Even in the same area, landlords can charge far more than their neighbors.Why?
Electricity is usually a cost center for ... Read More
August 2, 2017Lynn Drake
25
Jul2017
The ITRA spring meeting was held in Atlanta. We visited the Ponce City Market which is mixed use redevelopment of the former Sears warehouse. The building is divided into shopping, offices, residential and parking.
July 25, 2017Lynn Drake