Business owners take on lease terms

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.

Last week I had a client who took advantage of the low lease rate market by securing his first lease after sub-leasing from a joint venture for the last ten years. Amera Film and Video recently secured a lease on the old 10-10 development proposed in Southfield at the corner of 10 Mile and M-10 (the lodge). The model loft showroom not only impresses clients but serves as a future for our local economy, young entrepreneurs creating a new Southeast Detroit.

By not only upgrading their office space and branding their own image, Amera was able to reduce overhead by securing a longer term lease at competitive rates while reducing lease expenses by 35%. Like the first time homebuyer looking for the tax incentives, low prices and attractive rates, business owners are securing their sustainability in southeast Michigan.

Contact me for a leasing and purchasing options available. Tenant/ buyer representation is not only free but invaluable when negotiating your next transaction. GVA Detroit is one of the areas most knowledgeable tenant rep firms.