Lynn Drake 147
Story State Of 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 State of Michigan needed a new location for their Secretary of State office in St. Clair Shores, because the location under […]
CRE Definition Series: Evergreening Clauses
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 greening Clause Definition: Most leases have an end date with an option to extend the lease expiration date by sending a written notice […]
CRE Definition Series: Zoning Codes
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. Every city in the US has zoning codes. These codes outline how a space can be used. For example, doctors often think they can […]
CRE Mistakes Series: Traffic
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. Traffic mistakes can be critical. If you visit your future business home in the middle of the day and there is no traffic, that […]
CRE Math Series: How to calculate parking expenses
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. Parking Calculations: Parking costs can get complicated. Depending on the location, you may have some parking spots that are more expensive than others. To keep […]
CRE Mistakes Series: Don’t forget about phones and internet when moving your offices
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. CRE Mistakes Series: Don’t forget about phones and internet when moving your offices Businesses spend a great deal of time looking for space and, […]
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 […]
