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Free Office Space In Plymouth |
Southfield (WWJ) -- Here's a good deal if you're doing business from a coffee shop or your home. A Plymouth business group is accepting proposals for free office space, at 705 South Main Street.
The offer is aimed at start up ventures that have a great product or service but lack the capital to secure office space.
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Are you considering a new lease or lowering your current payment? We have all heard it a hundred or so times the importance of hiring a commercial real estate agency. It costs nothing as they are usually paid by the landlord and they can often negotiate more favorable terms. It is also important to work with a broker that knows the area and market. Who was the last person to negotiate a similar deal with the same landlord this year, you or your agent? It is our job to know the market. Was the renewal offer the same as the new tenant down the hall.
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Understanding Your Renewal Option |
With so many deals in the market I have the opportunity to work with business owners looking for opportunity to grow or upgrade space. Everyday we break new record lows in lease rates and tenants are now getting even more options with flexibility. Too often renewal otions are ignored and focus is placed on the deal today. Do these companies not care about five years from now?
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Too often in this commercial real estate market owners are forced to take a negative view of their business and sustainability. This is particularly true in Metro Detroit. With lease rates on the decline this should create opportunity not panic and fear.
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The trend in commercial real estate across the country is stagnant. Few properties are being sold; Office space sales are down 70% since last year. Tightened credit guidelines make it difficult to purchase these properties forcing many building owners into bankruptcy. As unemployment rises there will be less tenants in the marketplace to lease space providing more challenges to landlords.
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