Follow this link to determine how much square footage your firm needs: https://www.compass-commercial.com/backoffice-space-calculator/
Tag: buyer representative
August 9, 2017Lynn Drake
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 ...
November 21, 2016Lynn Drake
What will happen if you hired a professional tenant representative to help you with your commercial real estate needs? Choosing to do so mitigates your risk: You can continue doing what you do best, your business, or you can relax as we handle all of the details, freeing you from the hassle of ...
July 25, 2016Lynn Drake
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. ...
July 18, 2016Lynn Drake
So you plan on moving your office or warehouse in the next six months or so? Now’s the time to plan for the big day and for months of smooth operations thereafter. Here’s a fundamental game plan to ensure all goes well: Appoint a coach, whose primary task in the pre- and ...
June 27, 2016Lynn Drake
Did you know that office buildings have a rating system? We often will say a building is a Class A building—but what does that really mean? Class A Buildings A Class A office building means the building is either less than 7 years old, or the lobby has been upgraded in the ...
February 1, 2016Lynn Drake
Having been in this industry for many years, I feel like I’ve seen it all. My experience working for a landlord, and then working in a corporate real estate department before becoming a real estate agent was so very useful in teaching me all the sides of a transaction. But what ...
December 20, 2015Lynn Drake
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 ...
August 17, 2015Lynn Drake
There is much debate about the open floor plan. As you read recently, Compass Commercial moved offices last year, and as we began to search for space, I wanted one that would attract a younger generation of workers—which meant going with an open floor plan. Are you considering doing the ...
March 19, 2014Lynn 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