Detroit Michigan (113)

Getting Prepared for Game Day

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Finding commercial space is like preparing for a professional football game. Here’s How you Have to Think: How long is the Training Season?  Start […]

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Buying a Building Part 2

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Buying a commercial building for your business is a big step, with many aspects to the process.PART ONE explained the criteria you need to […]

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A Wolf in Sheep’s Clothing

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. What is similar to a wolf in sheep’s clothing? A landlord or a landlord real estate agent pretending they have your best interest at […]

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How to Buy a Building

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. PART ONE You’ve made the decision to purchase a building for your business. Now what? Where do you start? How does it happen? What […]

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The Hidden Costs in Cheap Rent

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. For those who believe there really is such a thing as a free lunch and free rent, the game has changed, especially when it […]

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Right-Sizing Offices and Cubes

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. When I managed the real estate for Kelly Services across North America, I was amazed how often people told us they needed more space […]

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Who Controls the Thermostat?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Your company culture might encourage people to flex their schedules and stay late in the evening or come in on weekends during crunch periods. […]

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Is your tenant representative truly representing your interests

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. It really nags at me that there are firms out there who claim they’re representing your best interests when, in reality, they’re doing the […]

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Check Your Commercial Lease Against The RFP Before You Sign

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. We talk a lot about the importance of an RFP (Request for Proposal), and written about the top mistakes that tenants make. One mistake […]

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Landlords Make Deals Every Day You Don’t

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Most landlords in the game today know their business inside and out. The stay on top of what their competitors are asking and what […]

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What’s Up with Electrical Rates in Commercial Buildings

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Across the country, building owners charge different rates for electricity, usually based on their  climate. An electrical rate in Troy, Michigan will be far […]

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How Does It All Add Up?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. When I stumbled upon a job in commercial real estate, I found nirvana. I liked bookkeeping and enjoyed studying business and accounting in college. […]

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Touring Commercial Space

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. I always enjoy showing our clients potential space for their offices. I find it interesting to see space through their eyes, rather than my […]

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Have You Ever Wondered Why Tenant Reps Ask So Many Questions?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. If you’ve ever worked with a tenant representative broker, you may have wondered to yourself: why do we ask so many questions? We always […]

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Leasing Executive Suite Space

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Leasing Executive Suite Space What is an executive suite, and why might you want to consider leasing one? Executive suites are a luxury, to […]

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Know Before You Sign

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Leasing a commercial space is complicated. The leases are long and full of tiny clauses meant to give the landlord as much of your […]

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Uh Oh! He Did it Himself!

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Early this year, I had pulled my back and had to go see my chiropractor. When I called, there was an odd message about […]

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Subleasing Isn’t for Wimps

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. You May Need Some Extra Muscle to Sublease! In mid-2016 my ITRA partners located on both coasts started seeing more subleases. There weren’t may […]

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Success Story: Girl Scouts of SE Michigan

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. See the Amazing Results Compass Managed for a Non-Profit! The Challenge: The Girl Scouts had a long-term lease at the Fisher building in Detroit, […]

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Should You Pass on Pass Throughs?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. I’ve Counseled My Clients to Request a Stop On Their Pass Through Expenses This tax season you want to evaluate the pass through’s, or […]

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Top 3 Things to Look for When Renewing Your Lease!

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. People tend not to take renewals all that seriously. They see it as simple, thinking they can just call the landlord and get their […]

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A Non-Profit Success Story

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. The Challenge: The Nonprofit approached Compass Commercial 6 weeks before their lease was due to expire. Their office was located in Detroit, and their […]

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Lack of Research Can Give You A Migraine

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Earlier in 2016, we got a call from a business contact who had leased space from a company that they were supplying services for. […]

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Top 3 Mistakes People Make When Looking for a Building

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. We love our tenants, but we see them make a great deal of unavoidable mistakes. The number one mistake we see tenants make? They […]

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What Should You Do With Your Extra Space?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Do you remember the childhood nursery rhyme, “The Old Woman in the Shoe?” She had so many children, and so little space, she didn’t […]

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Do You Need to Break Up with Your Building?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Sometimes a business owner will move into a building and it just doesn’t work out. It could be that the landlord acts like Scrooge […]

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Why Not Reduce the Rent of an Empty Space, You Ask?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Are you Wondering the Same Thing About Empty Commercial Space? If I had a nickel for every time I’ve been asked this question, I’d […]

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