You May Need Some Extra Muscle to Sublease!In mid-2016 my ITRA partners located on both coasts started seeing more subleases. There weren’t may here in the Detroit area until several months later. The few that were listed below market in the city of Detroit were quickly leased.
Subleasing can be ... Read More
“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
24
May2017
16
May2017
What is the difference between a Leasing Agent and a Tenant Representative?You will usually find the Leasing Agent’s name on the “for lease” sign in front of a building. The Leasing Agent represents the Landlord, and is sometimes called the Property Manager.
The Tenant Representative Agent may be harder to find, ... Read More
12
May2017
03
May2017
See the Amazing Results Compass Managed for a Non-Profit!
The Challenge:
The Girl Scouts had a long-term lease at the Fisher building in Detroit, Michigan. Their rent was significantly over market and they had more square footage then they needed. They also faced many issues as a building tenant, including: Bankruptcy of ... Read More
26
Apr2017
Technology is Changing Faster than the Workplace!This is one of the most fascinating infographics I’ve ever seen. Knoll has shared with us: “The nature of work is changing faster than the work space itself. Buildings outlive the technology and workforce they are designed to serve.”
21
Apr2017
Renewing Your Lease? Don’t Overlook These 3 Critical Steps!People tend not to take renewals all that seriously. They see it as simple, thinking they can just call the landlord and get their new rate. That way of thinking can cost your firm a lot of money. If you’re looking into ... Read More
18
Apr2017
11
Apr2017
See the Amazing Results Compass Managed for a Non-Profit!The Challenge:
The Nonprofit approached Compass Commercial 6 weeks before their lease was due to expire. Their office was located in Detroit, and their lease included free parking. The landlord, however, was going to be raising the rental rate by $2/s.f., which would ... Read More
03
Apr2017
I’ve Counseled My Clients to Request a Stop On Their Pass Through ExpensesThis 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 which shows the actual cost billed, less any payments ... Read More
30
Mar2017
Using Research will Avoid Headaches for Your Business LaterEarlier in 2016, we got a call from a business contact who had leased space from a company that they were supplying services for. It was suggested that the future supplier lease from the client/company they were providing services for. The ... Read More