Category: Leasing

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

22

Nov2015

Timing is everything

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The hours you spend pacing the floor, waiting for a family member’s first child to be born; the minutes you spend waiting for your computer to boot up; the seconds you wait for a text message…each of these intervals remind you of that inescapable truth: timing is everything.Did you know ... Read More
November 22, 2015Lynn Drake

08

Nov2015

Quotes from our clients

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There’s really nothing better than hearing our clients are happy with the work we’ve done.  Below are some of the quotes we’ve heard from our wonderful clients!Littelfuse"I would like to thank Lynn and her staff at Compass Commercial for the time and energy spent to provide us with various leasing ... Read More
November 8, 2015Lynn Drake

17

Aug2015

The Relocation Clause

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Each year, I’m amazed at the new things I see happening with tenants. One of the largest buildings near us in Southfield, has taken the relocation clause to new heights. A tenant in the building worked diligently with their landlord to get their proposed office space just right. No sooner ... Read More
August 17, 2015Lynn Drake

07

Jan2015
It is interesting when one takes a group of people out on tour to see their reactions. Some people go simply on about how the space looks the minute they see it. Others are very analytical, and need lots of data. No matter what, your agent needs to run ... Read More
January 7, 2015Lynn Drake

03

Dec2014

The Tour

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I always enjoy showing our clients space. It is interesting to see space through their eyes. I may think something is great and they may not. One of the biggest differences between residential and commercial real estate is the tour. When you working in residential, all an agent needs ... Read More
December 3, 2014Lynn Drake

19

Nov2014
Janitorial is one of the items where we see a wide gap in what landlords provide. Some provide it and some don’t. Some will come in once a week and some will come in every day. I was working with a nonprofit and got them cleaning services with ... Read More
November 19, 2014Lynn Drake

15

Oct2014
People tend not to take renewals all that seriously. They see it as simple, thinking they can just call the landlord and get their new rate. That way of thinking can cost your firm a lot of money. If you’re looking into renewing your lease, make sure not to overlook ... Read More
October 15, 2014Lynn Drake

29

Sep2014
When I managed the real estate for Kelly Services across North America, it was always laughable how often people told us they needed more space than they actually required. I had one guy who had been with his company for 30 years. He had gone ahead and had his office ... Read More
September 29, 2014Lynn Drake

24

Sep2014

The Last Minute Gotcha!

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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 ... Read More
September 24, 2014Lynn Drake