Lets us show you how we saved our clients money on a lease renewal

Lets us show you how we saved our clients money on a lease renewal

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  • A telecommunications company came to Compass Commercial with a dilemma: they had occupied the same space for close to 10 years and were on a month to month lease when their landlord gave them a 30 day notice to move.
  • Compass had less than a month to find them a new space, negotiate a lease and make sure they moved out in time.
  • Compass contacted the landlords in the area who could react quickly with showings and request for proposals. Five potential locations were identified.  Three requests for proposals were sent out for responses.


  • Three locations competed for our clients business including their current landlord.
  • The property manager in their current location told our client that by not including Compass in the deal they would get a better deal. “The deal” offered by the property manager was actually higher than the market rate for the building.
  • The rental rate was reduced by .50/s.f. over the term of the lease
  • The tenant received 6 months of free rent in the new location.
  • Landlord gave them free space for 90 days while the new space was built out.
  • The landlord provided a turnkey build out based upon the tenant specs.
  • An overall reduction over the new lease term of five years for 2,500 s.f. was $68,000.



About the Author

Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on 35 years of commercial real estate experience. Lynn became a commercial realtor in 2001 after 15 years in corporate real estate. Thus far in her career, Lynn has successfully completed over 1,500 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.