Tenant Representation Best Practices (210)
CRE Definition Series: Lease Expiration Date
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.Lease Expiration Date:Most leases have a start and an end date spelled out in a lease document. The last day of the lease should be clearly defined […]
CRE Definition Series: Executive Suite
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.Executive Suite Definition:Many people don’t realize there are many alternatives to leasing an entire suite. For instance, you can often leas an executive suite; these are available […]
CRE Definition Series: Letter of Intent
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.Letter of Intent:A letter of intent spells out the terms of an agreement to lease or buy commercial real estate. I usually use one when making an […]
CRE Mistakes Series: Opening Multiple Offices Across the Country at Once
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.Sometimes a business will win an account, and in order to fulfill their contract they need to open three new offices in 30 days. So, someone flies […]
Story State Of 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 State of Michigan needed a new location for their Secretary of State office in St. Clair Shores, because the location under lease did not […]
CRE Definition Series: Evergreening Clauses
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 greening Clause Definition: Most leases have an end date with an option to extend the lease expiration date by sending a written notice to the landlord. […]
CRE Definition Series: Zoning Codes
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.Every city in the US has zoning codes. These codes outline how a space can be used. For example, doctors often think they can lease space in […]
CRE Mistakes Series: Traffic
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.Traffic mistakes can be critical. If you visit your future business home in the middle of the day and there is no traffic, that doesn’t mean the […]
CRE Math Series: How to calculate parking expenses
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.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 this example simple, […]
CRE Mistakes Series: Don’t forget about phones and internet when moving your offices
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. 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, signing a […]
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 […]
