The second quarter of 2021 has seen limited movement in the office market report. As Michigan’s vaccine rollout has slowed, renewed spikes in Covid-19 cases have supported employees’ arguments to continue working from home, which means that lots of valuable office space continues to sit empty. With significant employers like ... Read More
“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
19
Jul2021
08
Jul2021
In 2010, when I opened Compass Commercial, it was initially just two people. Since it was big and only my son and I lived there, we both worked out of my house, and since no one else was around, we were very lax about our passwords. In 2012, we hired several more people and moved into our first office. It was an exciting time for me. ... Read More
25
May2021
I interviewed Dan Cassidy for my new podcast "Exploring Business & Life". Cassidy is a principal at SME, where his responsibilities include setting and implementing business strategy for environmental groups, setting and executing the group's operational plan, providing senior technical leadership, and managing liability issues.https://youtu.be/w2Ne2TIN1uwView our other podcasts here.
20
May2021
According to Lynn Drake of Compass Commercial, 2020 was the perfect time to refocus and work on her business rather than in the business. For her, that meant participating in Mentor We, sponsored by GLWBC.Drake revealed, “at the beginning of the year, my first quarter sales were up significantly, and ... Read More
01
May2021
The first quarter of 2021 wrapped up one of the most unusual years in recent memory. While the Covid-19 pandemic continued to impact development in Detroit, which is decelerating, particularly because of the region’s historical reliance on industries like manufacturing, the announcement of a vaccine began to improve future outlooks. ... Read More
26
Apr2021
Did you get an increase in operating costs for the building? This tax season, you want to evaluate the pass through’s or increases over a base year that your landlord charges you. More than likely you received a bill already which shows the actual cost billed less any payments made ... Read More
01
Apr2021
After being hit by one the fastest and deepest drop-offs in employment in its history, Detroit's economy has rebounded at a faster rate than other comparable metropolitan regions. Sales prices for industrial real estate remain significantly less expensive in Detroit versus the national average. Ecommerce and Logistics drove recent demand, ... Read More
15
Mar2021
In the last quarter of 2020, Detroit Metro was still struggling with office vacancy rates well below the historical average at 11%. Due to COVID-19 restrictions, most office buildings have been empty since March 2020, and they continued to remain empty in the Q4 Office Market Report. Additionally, many companies ... Read More
12
Mar2021
Besides a lack of toilet paper available during the Covid shutdown, there were other important things one couldn’t seem to get. With so many people shifting to remote work, computers were sold out everywhere. Headsets were reserved for first responders. Many items that we use every day but never think about were suddenly scarce. Part 4 of the Disaster Recovery ... Read More