Tenant Representation Best Practices (158)

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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Should you CONFIRM Appointments? TUESDAY Traffic Tips

This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. [embedded content] No brainer, right? YES, you should. We must manage our time wisely. However, is there something you’re missing? Are you giving folks an excuse to cancel […]

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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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A Compass Case Study

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. Check out the Tremendous Savings that Compass Commercial was able to Facilitate for a Client   Sales Organization Case Study: A sales organization had […]

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Are Costs in Detroit Forcing Non-Profits Out of the City?

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 last month or so we have been talking with tenants in the Central Business District of Detroit, who got sticker shock when […]

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Is Working with a Dual Agency the Best Move for You?

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. Dual agent sounds like something out of a science fiction book, doesn’t it? In the real estate world, it means an agent who represents […]

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Do you Believe in the Phrase: Givers Gain?

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. As a sales person at heart, I have always tracked how many referrals I received monthly. A year ago, someone had shared the concept […]

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Finding Retail Real Estate in Baton Rouge

This post originally appeared on tBL Member, Sperry Van Ness Graham Langlois Legendre's SVN GLL News Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. Trends in retail real estate in Baton Rouge are continually evolving and growing. Although, they have remained fairly steady overall in the past year. […]

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Making the Ends Meet in Commercial Real Estate Deals

This post originally appeared on tBL member Allen C. Buchanan's blog Location Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Image Attribution: www.condenastore.com Searching for a new building, negotiating a lease or purchase for said new building, closing the escrow or signing the lease, navigating through the city […]

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Case Study from Compass Commercial – Tenant Representation Pays Off

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 Tenant representation pays off. Here is my story as to why. A telecommunications company came to Compass Commercial with a dilemma: they […]

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What could happen if you negotiate your commercial lease yourself?

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 could happen if you negotiate your commercial lease yourself? You could spend weeks or months trying to research your options, taking your focus […]

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Does It Make Sense for Your Firm to Own 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. Now that the economy has improved we are seeing our clients interested in buying buildings again.  I recently heard about a woman who wanted to […]

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Homework Required to Buy That Cool Building You Just Saw

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. Before we work with any client looking to buy a building, we ask them to go to the bank and determine how much of a […]

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PLANNING MONTHS IN ADVANCE FOR SUCCESS TODAY

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.   So you plan on moving your office or warehouse in the next six months or so?  Now’s the time to plan for the […]

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What Is the Difference Between a Leasing Agent and Tenant Representative?

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 the difference between a Leasing Agent and Tenant Representative? *         You will usually find the leasing agents name on the for lease […]

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Watch Before You Dive Into a Deal

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. Harvey MacKay, author of the seminal business book “Swim with The Sharks Without Being Eaten Alive” (prequel to the reality show Shark Tank) suggested […]

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What Can You Expect with a Lease Term of One to Seven Years or Longer?

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. Many prospective tenants approach me with wish lists a mile long, itemizing everything they want in their business suite.  When I get down to […]

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Looking for Commercial Real Estate? Beware of the wrong broker happening to you!

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. Not too long ago, a business coach called me about one of his clients who had a slightly unusual need for office space. His […]

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You shouldn’t be sleeping at night if you have a month-to-month 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. Just before and during the 2007-2009 recession, month-to-month leases were very common. During that period, so many businesses experienced financial hardships that the tenants […]

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Early Cancellation Option for your Commercial 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. Having managed a fortune 500’s real estate department for many years, I was never a big believer in long term leases. I found that […]

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Who said I should pay for a new heating and cooling unit?

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 spring of 2015, I got a 22% increase in my common area maintenance (CAM) pass-through expense. CAM charges are billed pro rata […]

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Big Words Created By Real Estate Firms

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. As a Tenant Representation Broker I thought I heard it all! Recently, I got a call from a prospective tenant asking me for something […]

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The ABC’s of Real Estate

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. Did you know that office buildings have a rating system?  We often will say a building is a Class A building—but what does that […]

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What goodies might you negotiate into 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. What goodies might you negotiate into your lease? Written by lynnMonday, 18 January 2016 12:00 In many buildings, there are extras you might consider […]

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