What I’m about to share with you might come as a surprise. Are you aware that the large insurance companies got together a few years ago and decided as a group not to offer notice of cancellation policies to landlords? Well, that’s not 100% true – you can get it, ...
March 25, 2013Lynn Drake
Does the song sound familiar? Well, 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? Doesn’t a year sound a bit ...
February 27, 2013Lynn Drake
This past year, it seemed we ran into more landlords who worked against our clients than we did landlords who worked with them. In Virginia, every time we found a subtenant for a sublease, the landlord in question would lure them over to another listing in the building. Meanwhile, in ...
February 19, 2013Lynn Drake
As we enter the New Year, it’s exciting to look back on my first blog post of 2013 and see that we exceeded our fiscal goals for the year. 2012 was for us, as I’m sure it was for many, a year of many changes for our organization. Someone recently ...
February 5, 2013Lynn Drake
As a tenant representative this is my advice for landlords and agents representing them: If you don’t treat your tenant’s right I’m not going to warn my tenants about you before showing them your buildings. As a tenant representative I hear from your tenants why they don’t like the building. If ...
October 11, 2012Lynn Drake
Most of my career the vacancy rate in the City of Detroit has been extremely high. Yet as 2011 turns into 2012 we see the City of Detroit making real progress with occupancy. According to Co-Star which measures all of the statistics Detroit is seeing improvement quarter over quarter. The ...
September 27, 2012Lynn Drake
As a tenant representative this is my advice for landlords and agents representing them: Don’t over promise improvements when showing the space. My clients will remember what you told us and think the landlord doesn’t want them when you can’t deliver. Under sell and over deliver is always better. It does matter ...
September 13, 2012Lynn Drake
While sitting at Boston Market in Troy enjoying a chicken pot pie and a newspaper I had this uncomfortable feeling I was one of the only people in the place. How could this be? The food is good and healthy. The service is better than most family diners. Yet crowds ...
July 26, 2012Lynn Drake
Over the next few weeks, let’s exchange some lease clauses that drive us crazy. During my 25 years in corporate real estate I had to live with some mighty repugnant clauses, prohibiting such things as sub-leasing a portion of space, occupying the building on weekends or hiring a satisfactory janitorial ...
July 12, 2012Lynn Drake
Do you remember the childhood nursing rhyme, “The Old Woman in the Shoe?” She had so many children, so little space she didn’t know what to do. Even as the economy is smoothing out and rumbling forward, many tenants find themselves with more space than they can accommodate. They have ...
June 20, 2012Lynn Drake