Why Compass Moved

Why Compass Moved

When we leased our last office, we were so excited to move out of my house and into an office space. We thought that we would be there for many years. However, two short years later, we ran into a couple of bumps in the road. For starters, our building was owned by four separate companies, and one day I was informed that our option to expand had been cancelled. One of the owners needed the space next to ours, and planned to take it. Could I have sued over this? Probably, but to what end? The owners were nice people, and it didn’t make sense for them to move. After all, it was their building!

Then there was the issue of the pole, which sat right in the middle of our space. The pole couldn’t be moved, and while we knew we could work around it, furniture-wise, we also knew that if we moved at a later time, our furniture wouldn’t necessarily fit well into another space.

Initially, I had signed a two-year lease, as we were just a year old at the time. We didn’t really know how fast our business would grow! Now that we’ve moved into our new space, I find myself thinking, “Had we been able to expand into the adjacent suite would we still be there?” Perhaps. Then again, our new space is so perfect that I’m glad we moved. This time, we made a conscious choice to choose a bigger building, so that when we grow, we know the landlord will be able to accommodate us.

About the Author

Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on 35 years of commercial real estate experience. Lynn became a commercial realtor in 2001 after 15 years in corporate real estate. Thus far in her career, Lynn has successfully completed over 1,500 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.