Having managed a fortune 500’s real estate department for many years, I was never a big believer in long term leases. I found that business space needs fluctuate and it's often not good to be locked in.However, there are times when you may want to consider a long-term lease. For ... Read More
Search Here:
“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
29
Feb2016
In the spring of 2015, I got a 22% increase in my common area maintenance (CAM) pass-through expense. CAM charges are billed pro rata to me and other tenants, based on our percentage of total property square footage and to cover the cost of common area upkeep.When I sent an ... Read More
February 29, 2016Lynn Drake
15
Feb2016
Recently, I got a call from a prospective tenant asking me for something I had never heard of before. After 30 years in the business, I thought I had heard it all! Together, we reviewed our process so she could identify what it was she needed. Turns out this client ... Read More
February 15, 2016Lynn Drake
01
Feb2016
Did you know that office buildings have a rating system? We often will say a building is a Class A building—but what does that really mean?Class A BuildingsA Class A office building means the building is either less than 7 years old, or the lobby has been upgraded in the ... Read More
February 1, 2016Lynn Drake
25
Jan2016
Are you a new business looking to lease space? Most landlords require you to provide financial statements from your accountant before making decisions on whether or not they’ll lease to you, or how much of a security deposit will be required. If your business is brand new, try and find ... Read More
January 25, 2016Lynn Drake
18
Jan2016
In many buildings, there are extras you might consider adding to your wish list, such as:Extra storage for free during a certain time of year
Instead of free rent in your first year, you could take the free rent over the course of the lease during the months with the lowest ... Read More
January 18, 2016Lynn Drake
20
Dec2015
Having been in this industry for many years, I feel like I’ve seen it all. My experience working for a landlord, and then working in a corporate real estate department before becoming a real estate agent was so very useful in teaching me all the sides of a transaction.But what ... Read More
December 20, 2015Lynn Drake
06
Dec2015
When I was younger, I did a lot of volunteer work. It ranged from raising money for a nonprofit to sitting on various boards for industry-related businesses. As I got older, and gained more responsibility and a family, it got harder to find the time to do these things. My ... Read More
December 6, 2015Lynn Drake
22
Nov2015
The hours you spend pacing the floor, waiting for a family member’s first child to be born; the minutes you spend waiting for your computer to boot up; the seconds you wait for a text message…each of these intervals remind you of that inescapable truth: timing is everything.Did you know ... Read More
November 22, 2015Lynn Drake
08
Nov2015
There’s really nothing better than hearing our clients are happy with the work we’ve done. Below are some of the quotes we’ve heard from our wonderful clients!Littelfuse"I would like to thank Lynn and her staff at Compass Commercial for the time and energy spent to provide us with various leasing ... Read More
November 8, 2015Lynn Drake