Is your rent above market? Is the space too large or too small? Do you know when the lease expires? Does your real estate agent represent your firm or the Landlord? If you don’t know the answers to these questions, Call Compass Commercial 248 817-5400 so we can watch out for your firm! At Compass Commercial, LLC - ...
Tag: commercial industrial building
October 30, 2016Lynn Drake
People are often shocked that I left corporate real estate after 25 years of climbing the corporate ladder. Certainly, the timing, just 10 days before 9/11, wasn’t great, but over the years, I’ve never once regretted my decision.It’s very interesting to hear people tell me that it’s much safer ...
June 18, 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
In late 2013, we moved into a really nice new office space. You probably think it was a slam-dunk, since office space is what we do for a living. We might know our stuff, but that doesn’t mean our search was a piece of cake. For one reason or another ...
February 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
Do you remember the childhood nursing rhyme, “The Old Woman in the Shoe?” She had so many children, so little space she didn’t know what to do. Even as the economy is smoothing out and rumbling forward, many tenants find themselves with more space than they can accommodate. They have ...
June 20, 2012Lynn Drake
The business needs to be closer to the customer. Take a good look at this request. In trucking if a plant moves it is cheaper to have a terminal close by for just in time delivery. For office space it is a little more subjective. Who are your customers? My ...
November 9, 2011Lynn Drake
Just remember the standard rule of real estate: If the deal looks too good to be true, it might very well be too good to be true.Grandma owns a building. It is a little run down. It is an hour away from our best customer. But we can save $5 ...
October 26, 2011Lynn Drake
Legitimate reasons for moving abound, people need more space, less space, want a more attractive space or a more economical space. But then, as a leasing agent, we deal with the crazy and weird situations, some with bright solutions. Here are a few from the Compass Commercial book of woes: If ...
October 13, 2011Lynn Drake