When I stumbled into commercial real estate I found my personal nirvana. I liked bookkeeping and enjoyed studying business and accounting in college. But I couldn’t see my future in computerized ledgers. I needed more action.I landed a job working for one of the biggest commercial real estate landlords in ...
October 25, 2017Lynn Drake
For those who believe there really is such a thing as a free lunch and free rent, the game has changed, especially when it comes to leasing commercial space. Landlords are generally willing to give a free month, but the incredibly generous deals of the past are fading as buyer ...
September 29, 2017Lynn Drake
Your company culture might encourage people to flex their schedules and stay late in the evening or come in on weekends during crunch periods. Can your building accommodate you? Does it accommodate the hard workers down the hall at your expense?The big question is: Who controls the thermostat?If a building ...
September 15, 2017Lynn Drake
Most landlords in the game today know their business inside and out. The stay on top of what their competitors are asking and what the market will bear. They know what deals are being done down the street—especially when they lose a deal to a particular landlord.Here’s the thing: landlords ...
August 18, 2017Lynn Drake
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
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
Do you have an office lease expiring soon or do you want to open a new office in Detroit or Troy, MI market? Having an idea of the market rates will help you with planning. If you are interested in finding out the rental rates please send us an email ...
November 7, 2016Lynn Drake
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 - ...
October 30, 2016Lynn Drake
What would happen if you hired a professional tenant Representative to help you with your commercial real estate needs? You could relax as we handle all of the details, freeing you from the hassle of hours on the phone and dealing with paperwork Know that every detail of the transaction will ...
September 26, 2016Lynn Drake