Meet the Landlords: Tom, Dick, Harry, and Pat They are all commercial real estate landlords, and if you don’t learn anything about them before you lease space, you might make a leasing mistake—a mistake that will cost you lots of extra money and stress! My clients often ask me if they need ...
February 5, 2019Lynn Drake
You know that holiday song? It’s a tune every tenant should be singing – twice a year. That’s right—Every tenant should check their lease expiration date twice, and make sure to start their search at least a year in advance. Wondering why? Isn't a year a bit over the top? If you’re ...
December 20, 2017Lynn Drake
What is similar to a wolf in sheep's clothing? A landlord or a landlord real estate agent pretending they have your best interest at hand when renewing your lease. NEVER FORGET: It is their job to get the most money as possible for the space you lease. Image from seputarkudus.com
October 12, 2017Lynn Drake
For those who believe there really is such a thing as a free lunch and free rent, the game has changed, especially when it comes to leasing commercial space. Landlords are generally willing to give a free month, but the incredibly generous deals of the past are fading as buyer ...
September 29, 2017Lynn Drake
Most landlords in the game today know their business inside and out. The stay on top of what their competitors are asking and what the market will bear. They know what deals are being done down the street—especially when they lose a deal to a particular landlord. Here’s the thing: landlords ...
August 18, 2017Lynn Drake
Across the country, building owners charge different rates for electricity, usually based on their climate. An electrical rate in Troy, Michigan will be far different than that charged in Phoenix, Arizona. Even in the same area, landlords can charge far more than their neighbors. Why? Electricity is usually a cost center for ...
August 2, 2017Lynn Drake
I always enjoy showing our clients potential space for their offices. I find it interesting to see space through their eyes, rather than my own. I may think a particular space is great, they may not see it working for them at all. One of the biggest differences between residential and ...
July 20, 2017Lynn Drake
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 ...
March 20, 2017Lynn Drake
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 ...
March 10, 2017Lynn Drake
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 ...
February 28, 2017Lynn Drake