Your business is doing well, and you are happy with your current landlord. You may or may not notice that your lease is expiring in less than a year. You might think, since there’s been no word, that your landlord forgot. I guarantee you, this is not the case. Maybe ...
September 24, 2014Lynn Drake
I hate cold calling, and yet, it’s how I make most of my money. Experts will tell you cold calling is a waste of time, but I strongly disagree. Interestingly, when we call someone to offer our services, the biggest pushback we get is, “I’ll do it myself.” Are YOU ...
August 6, 2014Lynn Drake
Are renewal options important? 95% of the ones I’ve seen set the renewal option at market rate, and the other 5% are set at a rate I would deem as “important.” How do you know? Well, you start by taking a look at a CoStar report to see what the ...
July 16, 2014Lynn Drake
As a brokerage firm, we have been disappointed with some of the attorneys reviewing our client’s leases. Why would this be? An attorney is an attorney, right? So you’d think. But you’d be wrong. Wrong, wrong, wrong. Assuming all attorneys are alike is no different than asking your gynecologist to ...
July 1, 2014Lynn Drake
Having come out of corporate real estate, I knew all about the real estate end of things. My customers were always fellow staff at the corporation where I worked in the real estate department. Entering the other side of the business was a whole new ballgame for me. It meant ...
June 4, 2014Lynn Drake
Our new offices are in a Class A building. The suite looks more like an art gallery than an office space, with high ceilings, and an 8-foot glass wall along one side of the office. The only thing missing is a gym—good thing we’ve got one right next door!Beginning your ...
May 22, 2014Lynn Drake
In this industry, one can’t help but develop favorite landlords. The ones who treat your prospect like gold. The ones who go out of their way to be accommodating. This year, I had the pleasure of working with a firm called Shaw Construction in Livonia. They were so accommodating to ...
April 23, 2014Lynn Drake
When we leased our last office, we were so excited to move out of my house and into an office space. We thought that we would be there for many years. However, two short years later, we ran into a couple of bumps in the road. For starters, our building ...
April 2, 2014Lynn Drake
There is much debate about the open floor plan. As you read recently, Compass Commercial moved offices last year, and as we began to search for space, I wanted one that would attract a younger generation of workers—which meant going with an open floor plan. Are you considering doing the ...
March 19, 2014Lynn Drake
Some of us speak Greek, Spanish, French or Mandarin, in addition to English. We think that if we can speak these other languages, surely we can speak real estate. But that’s where we’re wrong. See, not everyone can speak real estate. That’s why it’s important to work with a tenant ...
March 5, 2014Lynn Drake