Looking Forward to New Referral Opportunities in the Coming YearAs a sales person at heart, I have always tracked how many referrals I received monthly. A year ago, someone had shared the concept of focusing on what I could do for others. So, for 2016 I looked for, ... Read More
Category: Entrepreneur
07
Nov2016
Do you have an office lease expiring soon or do you want to open a new office in Detroit or Troy, MI market? Having an idea of the market rates will help you with planning. If you are interested in finding out the rental rates please send us an email ... Read More
November 7, 2016Lynn Drake
30
Oct2016
Is your rent above market?
Is the space too large or too small?
Do you know when the lease expires?
Does your real estate agent represent your firm or the Landlord?
If you don’t know the answers to these questions,
Call Compass Commercial 248 817-5400 so we can watch out for your firm!
At Compass Commercial, LLC - ... Read More
October 30, 2016Lynn Drake
27
Jun2016
What is the difference between a Leasing Agent and Tenant Representative?* You will usually find the leasing agents name on the for lease sign out in front of a building. The tenant representative agent will be a bit harder to find because they won't have for lease signs as they ... Read More
June 27, 2016Lynn Drake
18
Apr2016
Many prospective tenants approach me with wish lists a mile long, itemizing everything they want in their business suite. When I get down to their budget with them, I often learn they only want a one-year lease. You can’t expect the moon and the stars if you want a short-term ... Read More
April 18, 2016Lynn Drake
04
Apr2016
Not too long ago, a business coach called me about one of his clients who had a slightly unusual need for office space. His client had already hired an agent and was running into all kinds of challenges. Her coach told her to get rid of the agent and hire ... Read More
April 4, 2016Lynn Drake
21
Mar2016
Just before and during the 2007-2009 recession, month-to-month leases were very common. During that period, so many businesses experienced financial hardships that the tenants didn't want to sign long term leases. At the same time, tenants whose leases were expiring often asked the landlord to let them rent on a ... Read More
March 21, 2016Lynn Drake
07
Mar2016
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
March 7, 2016Lynn Drake
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
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