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 ...
Tag: Detroit lease rates
November 7, 2016Lynn Drake
Janitorial is one of the items where we see a wide gap in what landlords provide. Some provide it and some don’t. Some will come in once a week and some will come in every day. I was working with a nonprofit and got them cleaning services with ...
November 19, 2014Lynn Drake
People tend not to take renewals all that seriously. They see it as simple, thinking they can just call the landlord and get their new rate. That way of thinking can cost your firm a lot of money. If you’re looking into renewing your lease, make sure not to overlook ...
October 15, 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
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
You see a rental sign for a great building in super neighborhood, the kind of place you could grow your company and create a legacy. You think you might save a few dollars by negotiating the deal yourself. Landlords say the deal could go through faster, cheaper without outside interference. ...
September 21, 2011Lynn Drake
One of the things that make it hard to figure out the costs of leasing a building is that different types of real estate charge differently for space. For instance a retail or industrial building is going to charge a base rent plus taxes, maintenance and utilities. These chargers can ...
September 7, 2011Lynn Drake
When you lease an industrial building or a strip center, what you see is what you get. Watch out for the costs within a large office space. Each tenant pays a percentage of upkeep in the common area. You already pay for the space within your suite including a lobby, storage ...
August 23, 2011Lynn Drake