Image from The Art of Custom Framing website Just because a building started out as one thing doesn't mean it has to stay that way. That was my thought, in 2016, when I came across a former racquet ball court building in Troy, Michigan, while researching new space for my art gallery ...
November 13, 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
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 ...
March 20, 2017Lynn Drake
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 ...
March 10, 2017Lynn Drake
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 ...
February 23, 2017Lynn Drake
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. ...
February 14, 2017Lynn Drake
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 ...
November 21, 2016Lynn Drake
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 ...
November 7, 2016Lynn Drake
This is what that scenario of to small of office space typically looks like: You may stay and pay the “holdover “charge, which is typically between 125% to 200% of your current rent. Or you go to a month-to-month lease offering you no protection if your landlord asks you to leave, and even allow ...
August 1, 2016Lynn Drake
Before we work with any client looking to buy a building, we ask them to go to the bank and determine how much of a loan the bank will give them. Some of our clients end up talking with a teller or bank manager who doesn’t really know how to do this. ...
July 18, 2016Lynn Drake