Lynn Drake 141
Mistakes: The Kitchen
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 can’t help but peek when I see new spaces being built out in the building that houses the Compass staff. Not long ago […]
CRE Definitions: Lease Term
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 time in which a landlord and tenant enter into an agreement to lease space. This timing should be identified in lease agreement signed […]
SUCCESS STORY: Girl Scouts of Southeastern 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. The Challenge: The Girl Scouts had a long-term lease at the Fisher Building in Detroit Michigan. Their rent was significantly over market and they […]
CRE Math: Calculating Heating & Cooling
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 have a business in Michigan like I do, your heating bills are much more money in the winter than a business that […]
CRE Mistakes: Don’t Fall in Love with a Building while on Tour
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 looking for space keep your eyes wide open. Put your phone away while doing a walk-through. If the space is an office building […]
CRE Mistakes: Building Standards
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. “Building Standards” refer to the finishes a landlord uses in the building. For example, the entry doors can be wood, 8’ or 10’ tall, […]
How to Hire a Commercial Real Estate Agent
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. In the market for a new office, or have some extra space available? Many people might look in the Yellow Pages, some will ask […]
Definitions: Tenant
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. “Tenant” refers to a company or individual that leases space from an owner/landlord. Usually money is paid as rent however, sometimes the landlord will […]
CRE Definition: Tenant Rep
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. A Tenant Representative is a commercial real estate agent or agency that focuses solely on the needs of a tenant, rather than being tied […]
AVOIDABLE CRM MISTAKES
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 often see mistakes businesses make when leasing commercial real estate. Throughout 2018 I’ll share with you some things that are easily correctable, and […]
MISTAKES: Definition
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. Meet my dog Rocky. He loves people, but doesn’t’t like to be referred to as a sheep dog. Because he isn’t one. Rocky wants […]
Math Problem
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 was a terrible math student. How and why I ever decided to get a degree in accounting is a mystery to me! One […]
Make like Santa Check Your Office Lease Twice
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 know that holiday song? It’s a tune every tenant should be singing – twice a year. That’s right—Every tenant should check their lease […]
Are you a startup company looking for office or industrial 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. While the owner of a startup company may be reluctant to take on a long-term lease, it might pay to think about what that […]
Buying a Building Part 3
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 […]
Like Boxing in the Dark
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. Ever feel like you’re boxing in the dark when you’re trying to figure out the real costs of the office space you rent? Because […]
How to Re-purpose 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. Image from The Art of Custom Framing website Just because a building started out as one thing doesn’t mean it has to stay that […]
Crunch Those Numbers
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 into commercial real estate I found my personal nirvana. I liked bookkeeping and enjoyed studying business and accounting in college. But […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
