CRE Math Series: Expect ExaggerationA landlord representative's, also known as listing agent's, job is to sell you the space. They often exaggerate and tell the tenant the landlord will do anything to get them as a tenant. Often these are verbal discussions and none of it makes it into the ... Read More
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“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
11
Oct2018
CRE Math Series: Financial Summary for an Industrial SpaceIf you saw our financial summary for an office location on October 6, 2018, you would notice this has a lot less information. In this situation we are assuming it is multi-tenant building and the landlord pays for all building costs and ... Read More
October 11, 2018Lynn Drake
09
Oct2018
"CRE Mistakes Series: Office Neighbors Once upon a time I was the bookkeeper for a company that sold singing telegrams! We had beautiful offices in a high-rise building. To be hired one had to audition which could be very loud. The neighbors often complained so all interviews had to ... Read More
October 9, 2018Lynn Drake
09
Oct2018
CRE Mistakes Series: Office NeighborsOnce upon a time I was the bookkeeper for a company that sold singing telegrams! We had beautiful offices in a high-rise building. To be hired one had to audition which could be very loud. The neighbors often complained so all interviews had to take ... Read More
October 9, 2018Lynn Drake
05
Oct2018
CRE Definitions Series: Lease ExpirationMost leases have a start and ending date spelled out in a lease document. The last day of the lease should be clearly defined in the lease agreement or an addendum if occupancy didn't start on time. Tenant must be out of the space on the ... Read More
October 5, 2018Lynn Drake
03
Oct2018
Success Story: Michigan Women's Foundation RelocationTHE CHALLENGE:The Michigan Women’s Foundation had negotiated to buy a building with a developer when the transaction fell through. They approached Compass Commercial 6 weeks before their lease was due to expire for help. Their offices were in Detroit. The landlord, planned on raising ... Read More
October 3, 2018Lynn Drake
01
Oct2018
Wondering how much office space your business really needs? We can help! Follow the link below to our website, which will provide you with the tools you need to determine the right size space for your new or existing office.https://www.compass-commercial.com/space-calculator/
October 1, 2018Lynn Drake
27
Sep2018
CRE Mistakes Series: Retailers not understanding their rent obligationsAt Compass we get a lot of calls from retailers who leased space without representation. Sadly, they didn’t read, much less understand, the lease they signed. They got their space, moved in, and started paying rent. Then they get the bill from ... Read More
September 27, 2018Lynn Drake
21
Sep2018
CRE Definition Series: Renewal OptionTenants often want the right to extend their lease term after the initial lease term expires. The right to extend the lease option should be spelled out in the lease. If you don’t have this option it doesn’t mean the landlord won’t renew the lease, simply ... Read More
September 21, 2018Lynn Drake
21
Sep2018
CRE Definition Series: Renewal OptionTenants often want the right to extend their lease term after the initial lease term expires. The right to extend the lease option should be spelled out in the lease. If you don’t have this option it doesn’t mean the landlord won’t renew the lease, simply ... Read More
September 21, 2018Lynn Drake