When people find out I’m a commercial real estate agent they often sidle up close and whisper in my ear, “Let me tell you, I got such a deal,” and expect me to nod approvingly. Dare I frown? A deal isn’t always a deal.
A gentleman who coordinated real estate ... Read More
09
Jan2012
Most people have set down their goals for 2012. It is my tradition to do this every year for myself and my business. This year Compass Commercial has a big hairy audacious goal in revenue. In addition to more revenue and less fat on my person my goal this year ... Read More
January 9, 2012Lynn Drake
29
Dec2011
As any commercial real estate realtor or broker can tell you, leasing a commercial space is complicated. The leases are long and full of tiny clauses meant to give the landlord as much of your hard-earned dollar as possible. If you don’t speak lease, you’re likely to hit a series ... Read More
December 29, 2011Lynn Drake
30
Nov2011
This tax season you want to evaluate the pass through’s or increases over a base year that your landlord charges you. More than likely you received a bill which shows the actual cost billed less any payments made for these costs.Pull out your lease to review the description on allowable ... Read More
November 30, 2011Lynn Drake
09
Nov2011
The business needs to be closer to the customer. Take a good look at this request. In trucking if a plant moves it is cheaper to have a terminal close by for just in time delivery. For office space it is a little more subjective. Who are your customers? My ... Read More
November 9, 2011Lynn Drake
26
Oct2011
Just remember the standard rule of real estate: If the deal looks too good to be true, it might very well be too good to be true.Grandma owns a building. It is a little run down. It is an hour away from our best customer. But we can save $5 ... Read More
October 26, 2011Lynn Drake
13
Oct2011
Legitimate reasons for moving abound, people need more space, less space, want a more attractive space or a more economical space. But then, as a leasing agent, we deal with the crazy and weird situations, some with bright solutions. Here are a few from the Compass Commercial book of woes: If ... Read More
October 13, 2011Lynn Drake
21
Sep2011
You see a rental sign for a great building in super neighborhood, the kind of place you could grow your company and create a legacy. You think you might save a few dollars by negotiating the deal yourself. Landlords say the deal could go through faster, cheaper without outside interference. ... Read More
September 21, 2011Lynn Drake
07
Sep2011
One of the things that make it hard to figure out the costs of leasing a building is that different types of real estate charge differently for space. For instance a retail or industrial building is going to charge a base rent plus taxes, maintenance and utilities. These chargers can ... Read More
September 7, 2011Lynn Drake
23
Aug2011
When you lease an industrial building or a strip center, what you see is what you get. Watch out for the costs within a large office space. Each tenant pays a percentage of upkeep in the common area.You already pay for the space within your suite including a lobby, storage ... Read More
August 23, 2011Lynn Drake