Category: Relocations

13

Nov2017

How to Re-purpose a Building

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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 ... Read More
November 13, 2017Lynn Drake

10

Nov2017

Getting Prepared for Game Day

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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 ... Read More
November 10, 2017Lynn Drake
big_shoe-1

20

Mar2017
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 ... Read More
March 20, 2017Lynn Drake
TOP

10

Mar2017
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 ... Read More
March 10, 2017Lynn Drake

23

Feb2017

A Compass Case Study

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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 ... Read More
February 23, 2017Lynn Drake

14

Feb2017
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. ... Read More
February 14, 2017Lynn Drake

21

Nov2016
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 ... Read More
November 21, 2016Lynn Drake

07

Nov2016
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 ... Read More
November 7, 2016Lynn Drake

01

Aug2016
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 ... Read More
August 1, 2016Lynn Drake

18

Jul2016
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. ... Read More
July 18, 2016Lynn Drake