Category: Industrial Space

CRE Math

06

Nov2018
As promised the following is an example of a completed financial summary for an industrial property.  Please note utilities are not included because the office to warehouse ratio is usually different in most buildings and the ceiling height of the space can also make a big difference in the costs. ... Read More
November 6, 2018Lynn Drake

16

Oct2017
Planning next year's budgets? Curious about market rates for office or industrial space? Send your contact info to info@compass-commerical.com for a comprehensive market study!    
October 16, 2017Lynn Drake
big_shoe-1

20

Mar2017
Has Your Company Found Itself with Extra Space?Do you remember the childhood nursery rhyme, “The Old Woman in the Shoe?” She had so many children, and so little space, she didn’t know what to do. But eventually, her kids left the nest and she was left with all kinds ... Read More
March 20, 2017Lynn Drake
TOP

10

Mar2017
Easily Avoidable Mistakes that are too CommonWe love our tenants, but we see them make a great deal of unavoidable mistakes. The number one mistake we see tenants make? They don’t start the negotiations until it’s too late. We often find that tenants aren’t even aware that negotiation is a ... Read More
March 10, 2017Lynn Drake

28

Feb2017
Are you Wondering the Same Thing About Empty Commercial Space?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 ... Read More
February 28, 2017Lynn Drake

14

Feb2017
Sometimes, Break-ups are Hard, but NecessarySometimes a business owner will move into a building and it just doesn’t work out. It could be that the landlord acts like Scrooge from ‘The Christmas Carol’, pinching pennies and trying to charge the tenants for expenses that aren’t allowed under the lease. ... Read More
February 14, 2017Lynn Drake

21

Nov2016
Now that the economy has improved we are seeing our clients interested in buying buildings again.  I recently heard about a woman who wanted to open a coffee shop so she went to the bank first to get a loan to buy the building. Just because a building is for sale on ... Read More
November 21, 2016Lynn Drake

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

01

Aug2016
This is what that scenario of to small of office space typically looks like: You may stay and pay the “holdover “charge, which is typically between 125% to 200% of your current rent.   Or you go to a month-to-month lease offering you no protection if your landlord asks you to leave, and even allow ... Read More
August 1, 2016Lynn Drake