If I had a nickel for every time I’ve been asked this question, I’d be rich by now. Time after time, people ask me: why won’t the landlord reduce the rent of an empty building? It would stand to reason that an empty space would be a less expensive space, ... Read More
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“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
03
Feb2015
Most landlords in the game today know their business in and out. They know what their competitors are asking. They know what deals are being done down the street—especially when they lose a deal to a particular landlord. Small firms might negotiate a lease once every 5 years. If this ... Read More
February 3, 2015Lynn Drake
21
Jan2015
At Compass Commercial, we are a part of International Tenant Representative Alliance (ITRA). This organization allows us to offer service to our clients across North America. We have given many referrals to our network and are also the recipient of many referrals. Twice a year, the owners of ITRA ... Read More
January 21, 2015Lynn Drake
07
Jan2015
It is interesting when one takes a group of people out on tour to see their reactions. Some people go simply on about how the space looks the minute they see it. Others are very analytical, and need lots of data. No matter what, your agent needs to run ... Read More
January 7, 2015Lynn Drake
17
Dec2014
Thank you to my wonderful staff at Compass for another great year. In this year, webegan working with the state of Michigan – a big contract for us to win! We werealso lucky to work with For Your Lead Caller, Atrio Systems, BSB Communications,Ceed and ... Read More
December 17, 2014Lynn Drake
03
Dec2014
I always enjoy showing our clients space. It is interesting to see space through their eyes. I may think something is great and they may not. One of the biggest differences between residential and commercial real estate is the tour. When you working in residential, all an agent needs ... Read More
December 3, 2014Lynn Drake
19
Nov2014
Janitorial is one of the items where we see a wide gap in what landlords provide. Some provide it and some don’t. Some will come in once a week and some will come in every day. I was working with a nonprofit and got them cleaning services with ... Read More
November 19, 2014Lynn Drake
05
Nov2014
Across the country, we see different rates for electricity charged by owners, based on their various climates. An electrical rate in Troy, Michigan is going to be far different than one charged in Phoenix, Arizona. The point of this post is to make people aware that even in the same ... Read More
November 5, 2014Lynn Drake
15
Oct2014
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 renewing your lease, make sure not to overlook ... Read More
October 15, 2014Lynn Drake
29
Sep2014
When I managed the real estate for Kelly Services across North America, it was always laughable how often people told us they needed more space than they actually required. I had one guy who had been with his company for 30 years. He had gone ahead and had his office ... Read More
September 29, 2014Lynn Drake