Remember to Run the Numbers!When I stumbled upon a job in commercial real estate, I found nirvana. I liked bookkeeping and enjoyed studying business and accounting in college. But I couldn’t see my future in computerized ledgers. I needed more action.
I landed a job working for one of the ... Read More
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“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
05
Jun2017
Know Before You SignLeasing a commercial space is complicated.
The leases are long and full of tiny clauses meant to give the landlord as much of your dollar as possible. If you don’t “speak lease,” you’re likely to hit a series of road bumps as you evaluate what your potential ... Read More
June 5, 2017Lynn Drake
31
May2017
How Much Space do you Really Need?The Compass Commercial Space Calculator results may surprise you, whether you’re a small firm or a large corporation.
Give it a spin!
https://www.compass-commercial.com/space-calculator/
May 31, 2017Lynn Drake
24
May2017
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
May 24, 2017Lynn Drake
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
May 16, 2017Lynn Drake
12
May2017
May 12, 2017Lynn Drake
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
May 3, 2017Lynn Drake
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.”
April 26, 2017Lynn Drake
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
April 21, 2017Lynn Drake
18
Apr2017
April 18, 2017Lynn Drake