Category: Tenants

04

Apr2016
Not too long ago, a business coach called me about one of his clients who had a slightly unusual need for office space. His client had already hired an agent and was running into all kinds of challenges. Her coach told her to get rid of the agent and hire ... Read More
April 4, 2016Lynn Drake

21

Mar2016
Just before and during the 2007-2009 recession, month-to-month leases were very common. During that period, so many businesses experienced financial hardships that the tenants didn't want to sign long term leases.  At the same time,  tenants whose leases were expiring  often asked the landlord to let them rent on a ... Read More
March 21, 2016Lynn Drake

25

Jan2016
Are you a new business looking to lease space? Most landlords require you to provide financial statements from your accountant before making decisions on whether or not they’ll lease to you, or how much of a security deposit will be required. If your business is brand new, try and find ... Read More
January 25, 2016Lynn Drake

08

Nov2015

Quotes from our clients

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There’s really nothing better than hearing our clients are happy with the work we’ve done.  Below are some of the quotes we’ve heard from our wonderful clients!Littelfuse"I would like to thank Lynn and her staff at Compass Commercial for the time and energy spent to provide us with various leasing ... Read More
November 8, 2015Lynn Drake

17

Aug2015

The Relocation Clause

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Each year, I’m amazed at the new things I see happening with tenants. One of the largest buildings near us in Southfield, has taken the relocation clause to new heights. A tenant in the building worked diligently with their landlord to get their proposed office space just right. No sooner ... Read More
August 17, 2015Lynn Drake

15

Oct2014
People tend not to take renewals all that seriously. They see it as simple, thinking they can just call the landlord and get their new rate. That way of thinking can cost your firm a lot of money. If you’re looking into renewing your lease, make sure not to overlook ... Read More
October 15, 2014Lynn Drake

06

Aug2014
I hate cold calling, and yet, it’s how I make most of my money. Experts will tell you cold calling is a waste of time, but I strongly disagree. Interestingly, when we call someone to offer our services, the biggest pushback we get is, “I’ll do it myself.” Are YOU ... Read More
August 6, 2014Lynn Drake

16

Jul2014
Are renewal options important? 95% of the ones I’ve seen set the renewal option at market rate, and the other 5% are set at a rate I would deem as “important.” How do you know? Well, you start by taking a look at a CoStar report to see what the ... Read More
July 16, 2014Lynn Drake

01

Jul2014
As a brokerage firm, we have been disappointed with some of the attorneys reviewing our client’s leases. Why would this be? An attorney is an attorney, right? So you’d think. But you’d be wrong. Wrong, wrong, wrong. Assuming all attorneys are alike is no different than asking your gynecologist to ... Read More
July 1, 2014Lynn Drake

04

Jun2014
Having come out of corporate real estate, I knew all about the real estate end of things. My customers were always fellow staff at the corporation where I worked in the real estate department. Entering the other side of the business was a whole new ballgame for me. It meant ... Read More
June 4, 2014Lynn Drake