Category: Leasing

28

Jun2017
Leasing Executive Suite Space What is an executive suite, and why might you want to consider leasing one? Executive suites are a luxury, to be sure, but for newer businesses looking for a place to meet with clients they’re definitely something to consider. Executive suites cover a wide range of options, allowing ... Read More
June 28, 2017Lynn Drake

16

May2017
What is the difference between a Leasing Agent and a Tenant Representative? You will usually find the Leasing Agent’s name on the “for lease” sign in front of a building.  The Leasing Agent represents the Landlord, and is sometimes called the Property Manager. The Tenant Representative Agent may be harder to find, ... Read More
May 16, 2017Lynn Drake

03

May2017
See the Amazing Results Compass Managed for a Non-Profit! The Challenge: The Girl Scouts had a long-term lease at the Fisher building in Detroit, Michigan. Their rent was significantly over market and they had more square footage then they needed. They also faced many issues as a building tenant, including:  Bankruptcy of ... Read More
May 3, 2017Lynn Drake
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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

23

Feb2017

A Compass Case Study

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Check out the Tremendous Savings that Compass Commercial was able to Facilitate for a ClientSales Organization Case Study: A sales organization had been in their building for 3 years and originally had 3,342 s.f. when they moved into the building in 2012. By 2014, they had out grown their space, so ... Read More
February 23, 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