Across the country, building owners charge different rates for electricity, usually based on their climate. An electrical rate in Troy, Michigan will be far different than that charged in Phoenix, Arizona. Even in the same area, landlords can charge far more than their neighbors. Why? Electricity is usually a cost center for ...
August 2, 2017Lynn Drake
Some of us speak Greek, Spanish, French or Mandarin, in addition to English. We think that if we can speak these other languages, surely we can speak real estate. But that’s where we’re wrong. See, not everyone can speak real estate. That’s why it’s important to work with a tenant ...
March 5, 2014Lynn Drake
With the exception of a few lucky cities whose markets are raging back to life, we don’t expect vacancy rates for most US cities to ever go below 10%. Why? For starters, many older buildings need to be torn down. Vacant buildings quickly become homes to homeless people unless someone ...
May 30, 2013Lynn Drake
From Knoll whitepapers, I recently learned that for the first time in history, four generations will be working together. Additionally, the number of professional women now forms the majority of the work force. In our office, we have many baby boomers, but we recently added a Generation Y member to ...
April 30, 2013Lynn Drake
Last year, I sat on a panel led by Knoll with many designers and architects, and we discussed the ratio of people to a desk. Currently in most major companies, the ratio is 2-3 to a desk. In a sales organization the ratio can be as high as 20 employees ...
April 11, 2013Lynn Drake
What I’m about to share with you might come as a surprise. Are you aware that the large insurance companies got together a few years ago and decided as a group not to offer notice of cancellation policies to landlords? Well, that’s not 100% true – you can get it, ...
March 25, 2013Lynn Drake
One important lesson I’ve learned over the years that it is only ourselves that hold us back. Sometimes a close friend or family member can do this as well although it isn’t really their intention. It is that little voice in your head that tells you, you can’t do something. ...
December 20, 2012Lynn Drake
While Compass Commercial is only a little over two years old I worked as an independent contractor for 10 years where I watched how they ran their business. When I made the decision to leave my former employer I spent over a year talking with different people to determine the ...
December 6, 2012Lynn Drake
A couple of years ago I thought it would be fun to complete a sprint triathlon. Anyone who has met me knows I’m not an exercise fiend, nor do I sport that lean, lithe body. But I dream big and follow through! I’d just turned 50 and needed to do something ...
August 8, 2012Lynn Drake