Category: Uncategorized

07

Jun2015
I once had a client who told me he only wanted to see older, well-maintained buildings. When he found out our offices were in a Class A building, he couldn’t understand why we’d deign to pay the extra money. He asked us: what benefit is there to paying more for ... Read More
June 7, 2015Lynn Drake

29

May2015
A friend of mine has the most perfectly located office in Metro Detroit.  As I drove there recently, I experienced some serious location envy. However, the green monster ended the minute I got to the building: there was virtually no parking! Where, I wondered, does everyone park? Entering the lobby, ... Read More
May 29, 2015Lynn Drake

29

May2015

One desk, $100?

0  
Late 2014 was the most exciting time to be a Detroit agent in years. It seemed like everyone wanted to move! Our phones rang off the hook. We got calls from companies overseas, as well as companies in the US, all wanting to open an office here in the Detroit ... Read More
May 29, 2015Lynn Drake

29

May2015
Selling your tiny office building for $1 million is a bit like winning the lottery: there’s a small chance you can do so, and a much larger chance that you’ll never be able to do so. See, if you found someone who had the cash and didn’t require an appraisal ... Read More
May 29, 2015Lynn Drake

28

May2015
In our last post, we spoke about the importance of ensuring that you’re not being overcharged for operating fees in your lease. Why are we still talking about them?  Here’s why.  If you or your attorney didn’t address what can and can’t be charged in operating fees when you reviewed ... Read More
May 28, 2015Lynn Drake

28

May2015
What I really mean by that question is this: do you know what operating costs for a building consist of? What the operating costs of your building consist of? Let’s break it down. Operating costs include the building’s taxes, replacement insurance for the building, as well as fees for landscaping, ... Read More
May 28, 2015Lynn Drake

22

Apr2015
If I had a nickel for every time I’ve been asked this question, I’d be rich by now. Time after time, people ask me: why won’t the landlord reduce the rent of an empty building? It would stand to reason that an empty space would be a less expensive space, ... Read More
April 22, 2015Lynn Drake

03

Feb2015
Most landlords in the game today know their business in and out. They know what their competitors are asking. They know what deals are being done down the street—especially when they lose a deal to a particular landlord. Small firms might negotiate a lease once every 5 years. If this ... Read More
February 3, 2015Lynn Drake

17

Dec2014
Thank you to my wonderful staff at Compass for another great year. In this year, webegan working with the state of Michigan – a big contract for us to win! We werealso lucky to work with For Your Lead Caller, Atrio Systems, BSB Communications,Ceed and ... Read More
December 17, 2014Lynn Drake