Ever feel like you're boxing in the dark when you're trying to figure out the real costs of the office space you rent?Because different types of real estate charge differently for space, it can be a challenge!Generally, retail or industrial buildings charge a base rent plus taxes, maintenance, and utilities. ...
November 30, 2017Lynn Drake
It is interesting when one takes a group of people out on tour to see their reactions. Some people go simply on about how the space looks the minute they see it. Others are very analytical, and need lots of data. No matter what, your agent needs to run ...
January 7, 2015Lynn Drake
When I first opened my business, it felt like we had a revolving door of people. We interviewed people who seemed perfect for the position, and perfect for the company, only to find out, weeks later, that we had made a mistake.Over the years, I’ve tweaked my hiring formula ...
September 10, 2014Lynn Drake
I love commercial real estate. Every day is a different day. Every customer has different needs. Whether we reduce their rent or find them that perfect space, our work is always very, very rewarding. We learn about all kinds of businesses. My favorite experiences are the ones where ...
August 20, 2014Lynn Drake
As a tenant representative this is my advice for landlords and agents representing them:If you don’t treat your tenant’s right I’m not going to warn my tenants about you before showing them your buildings. As a tenant representative I hear from your tenants why they don’t like the building. If ...
October 11, 2012Lynn Drake
As a tenant representative this is my advice for landlords and agents representing them:Don’t over promise improvements when showing the space. My clients will remember what you told us and think the landlord doesn’t want them when you can’t deliver. Under sell and over deliver is always better. It does matter ...
September 13, 2012Lynn Drake
Just because your lease contract says seven years doesn’t mean you can’t negotiate sooner. In fact, it may be in your best interests to do so. If you have two years left on your lease, think about a “blend and extend” option.What this means is starting with a fresh lease ...
April 10, 2012Lynn Drake
The hours you spend pacing the floor, waiting for a family member’s first child to be born; the minutes you spend waiting for your computer to boot up; and the seconds you wait for a text message; each of these intervals remind you of that inescapable truth - timing is ...
March 20, 2012Lynn Drake
Harvey MacKay, author of the seminal business book, “Swim with the Sharks without Being Eaten Alive” (prequel to the reality show, Shark Tank) suggested that entrepreneurs focus their energies on drumming up business and managing staff. He recommends leaving the jobs you know little about to professionals who know a ...
February 13, 2012Lynn Drake