Michigan (166)
Mistakes: The Kitchen
Author: Lynn Drake This post originally appeared on 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 we watched in […]
CRE Definitions: Lease Term
Author: Lynn Drake This post originally appeared on 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 by both parties. […]
SUCCESS STORY: Girl Scouts of Southeastern Michigan
Author: Lynn Drake This post originally appeared on 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 had more […]
CRE Math: Calculating Heating & Cooling
Author: Lynn Drake This post originally appeared on 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 operates in Arizona. […]
CRE Math: Calculating Heating & Cooling
Author: Lynn Drake This post originally appeared on 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 operates in Arizona. […]
CRE Mistakes: Don’t Fall in Love with a Building while on Tour
Author: Lynn Drake This post originally appeared on 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 and carpets are […]
CRE Mistakes: Building Standards
Author: Lynn Drake This post originally appeared on 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, glass, or wood […]
How to Hire a Commercial Real Estate Agent
Author: Lynn Drake This post originally appeared on 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 friends. Whatever system […]
Definitions: Tenant
Author: Lynn Drake This post originally appeared on 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 make a trade. […]
CRE Definition: Tenant Rep
Author: Lynn Drake This post originally appeared on 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 to the landlord […]
AVOIDABLE CRM MISTAKES
Author: Lynn Drake This post originally appeared on 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 others that have […]
MISTAKES: Definition
Author: Lynn Drake This post originally appeared on 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 people to know […]
Math Problem
Author: Lynn Drake This post originally appeared on 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 of the first […]
CRE Math Series: Hold over fees
Author: Lynn Drake This post originally appeared on Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList.
Commercial Real Estate Mathematics Industrial Financial Summary
Author: Lynn Drake This post originally appeared on Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList.
Make like Santa Check Your Office Lease Twice
Author: Lynn Drake This post originally appeared on 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 expiration date […]
Are you a startup company looking for office or industrial space?
Author: Lynn Drake This post originally appeared on 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 actually means […]
Buying a Building Part 3
Author: Lynn Drake This post originally appeared on 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 set before […]
Like Boxing in the Dark
Author: Lynn Drake This post originally appeared on 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 different types […]
How to Re-purpose a Building
Author: Lynn Drake This post originally appeared on 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 way. That was […]
Crunch Those Numbers
Author: Lynn Drake This post originally appeared on 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 I couldn’t […]
Getting Prepared for Game Day
Author: Lynn Drake This post originally appeared on 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 your site […]
Buying a Building Part 2
Author: Lynn Drake This post originally appeared on 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 set before […]
A Wolf in Sheep’s Clothing
Author: Lynn Drake This post originally appeared on 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 hand when renewing […]
How to Buy a Building
Author: Lynn Drake This post originally appeared on 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 do you need […]
The Hidden Costs in Cheap Rent
Author: Lynn Drake This post originally appeared on 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 comes to […]
Right-Sizing Offices and Cubes
Author: Lynn Drake This post originally appeared on 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 than they […]
