The third quarter of 2020 has been a difficult time for the office market. The number of vacant offices is expected to increase throughout 2020 and 2021. This is due to the decreasing demand for traditional office space, as well as the high unemployment rate in this sector. After COVID- ...
Category: Office Leasing
December 4, 2020Lynn Drake
Wondering how much office space your business really needs? We can help! Follow the link below to our website, which will provide you with the tools you need to determine the right size space for your new or existing office.https://www.compass-commercial.com/space-calculator/
October 1, 2018Lynn Drake
In the market for a new office, or have some extra space available? Many people might look in the Yellow Pages, some will ask friends. Whatever system you use to find a realtor, make sure to screen them before hiring.Commercial realtors come in every shape, color, size, and age. You ...
February 7, 2018Lynn Drake
Rent is defined as “consideration paid for the occupancy and use of real property.” This is a general term covering any consideration, not just money.
January 19, 2018Lynn Drake
I often see mistakes businesses make when leasing commercial real estate. Throughout 2018 I’ll share with you some things that are easily correctable, and others that have costly consequences. I learned a valuable lesson a few years ago, when I had my furniture vendor make the furniture for our offices. ...
January 17, 2018Lynn Drake
Do You Speak Lease available online through TrueNorthPublishing.US
January 12, 2018Lynn Drake
I was a terrible math student. How and why I ever decided to get a degree in accounting is a mystery to me! One of the first jobs I had after graduation was working for a plant that sold steel. My job, (I can’t believe I ever did this!) was ...
January 9, 2018Lynn Drake
While the owner of a startup company may be reluctant to take on a long-term lease, it might pay to think about what that actually means in practical terms. Here are two things to consider right from the start:It could take three to six months, at least, to find ...
December 5, 2017Lynn Drake
Finding commercial space is like preparing for a professional football game. Here's How you Have to Think: How long is the Training Season? Start your site search and put a game plan together six to nine months before your current lease expires or before you need a new space.Who Will be the ...
November 10, 2017Lynn Drake
For those who believe there really is such a thing as a free lunch and free rent, the game has changed, especially when it comes to leasing commercial space. Landlords are generally willing to give a free month, but the incredibly generous deals of the past are fading as buyer ...
September 29, 2017Lynn Drake