Jason Tucker's Commercial Real Estate Blog

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Metro Detroit - Southern Oakland County Area - Client Requirement - 1,500 to 2,500 SQ FT Office Space

Hi everybody!

I am representing a client looking to lease office/flex/industrial space:

Size: 1,500 to 2,500 SQ FT
Type: Office Space
Timeframe: Immediate
Location: Beverly Hills, Lathrup Village, Berkley Areas

Please forward any opportunities that you may have available to:

Jason Tucker | Associate Director

Newmark Knight Frank, Inc.
34975 W. Twelve Mile Road | Farmington Hills, MI 48331
Phone: 248-848-4084 | Fax: 248-848-9041 | Cell: 248-431-8138
e-mail: jtucker@newmarkkf.com | Website: www.newmarkkf.com

Posted by Jason Tucker ~ Commercial Realtor on 10/09/2009 05:44 PM

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Office Space in the ActiveRain Channel

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SUCCESS - Jason Tucker Helps GPS Mapping Software Development Company Find Office Space in Farmington Hills, MI

In late July 2009, Geographic Information Services, Inc. (GIS), an Alabama based company, retained Jason Tucker as their tenant agent to represent them in a transaction for the lease of office space in the I-275 & I-696 corridor area of Michigan.

The requirement involved reviewing several available suites ranging from 1,000 to 2,000 SQ FT of office, flex and research and development space. After months of due diligence and negotiations with various landlords, and working in a long-distance capacity, Jason found the ideal space that would allow GIS to grow and expand their presence in the Michigan area.

GIS's new Michigan office address is:

Geographic Information Systems, Inc.
38345 West Ten Mile Road, Suite 160
Farmington Hills, Michigan 48335

To learn how Jason can help your company with your next office selection, please feel free to contact him at 248-431-8138 or via email jtucker@newmarkkf.com.

Check back often, enjoy my blogs and please leave comments!

Jason Tucker | Associate Director

Posted by Jason Tucker ~ Commercial Realtor on 10/06/2009 11:02 AM

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Success New Lease in the Real Estate Market Channel

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SUCCESS - Jason Tucker Helps Software Development Company Find Office Space in Ann Arbor, MI

In late January 2009, SimuQuest, Inc., issued the challenge to Jason Tucker to find the perfect office space for their growing company in Ann Arbor, Michigan.

The requirement entailed being in close proximity, walking distance, to the downtown business district of Ann Arbor, Michigan, the space needed to include office furniture, have room to grow, and be affordable. The search included several available suites ranging from 1,000 to 1,500 SQ FT of office and research and development space. After months of due diligence and negotiations with various landlords, a lease was signed and SimuQuest moved into their new home in April 2009.

SimuQuest's new address is:

SimuQuest, Inc.
564 S. Main Street, Suite 201
Ann Arbor, MI 48104

To learn how Jason can help your company with your next office selection, please feel free to contact him at 248-431-8138 or via email jtucker@newmarkkf.com.

Check back often, enjoy my blogs and please leave comments!

Jason Tucker | Associate Director

Posted by Jason Tucker ~ Commercial Realtor on 10/06/2009 10:58 AM

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Success New Lase in the Sales Strategies / Tactics Channel

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SUCCESS - Jason Tucker Helps Networking Integration Company Find Office Space in Novi, MI

In mid September 2008, Integrated Communications Services (ICS), retained Jason Tucker as their tenant agent to represent them in a transaction for the lease of office space in the I-275 & I-696 corridor area of Michigan.

The requirement involved reviewing several available suites ranging from 2,000 to 4,000 SQ FT of office, flex and research and development space. The space required an overhead door for mobile technicians and installation teams. After months of due diligence and negotiations with various landlords, a lease was signed and ICS moved into their new home in April 2009.

ICS's new address is:

Integrated Communications Services, Inc.
Novawest Tech Center
24371 Catherine Industrial Drive, Suite 201
Novi, Michigan 48375

To learn how Jason can help your company with your next office selection, please feel free to contact him at 248-431-8138 or via email jtucker@newmarkkf.com.

Check back often, enjoy my blogs and please leave comments!

Jason Tucker | Associate Director

Posted by Jason Tucker ~ Commercial Realtor on 10/06/2009 10:42 AM

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New Lease Signed in the ActiveRain Channel

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Newmark Knight Frank - Detroit INDUSTRIAL Market Report - 2Q09

During the second quarter of 2009, the Detroit industrial market continued to weaken. The third consecutive quarter of negative net absorption has added 7.3 million square feet of space to the market, 5.1 million square feet of which have been added in 2009. The vacancy rate increased to 18.0%, its highest level on record, from 17.1% in the previous quarter. The average asking rental rate fell in the second quarter to $4.25/sf from $4.37/sf reported during the first quarter, and is down 4.0% from $4.43/sf over the last year. Rents have declined 23.9% from $5.59/sf, the peak during the third quarter 2000.

In the Groesbeck submarket, the vacancy rate climbed to 15.8% from 14.0% reported in the first quarter and is up from 10.8% reported one year ago. Net absorption was negative as nearly 1 million square feet were returned to the market. Rents dropped to $4.02/sf from $4.34/sf in the previous quarter, and are down 10.9% from one year ago.

Click here for a PDF download of Newmark Knight Frank's Detroit INDUSTRIAL Market Report - 2Q09.

For Further Information Contact researchdepartment@newmarkkf.com

Check back often, enjoy my blogs and please leave comments!

Regards,

Jason Tucker | Associate Director

Posted by Jason Tucker ~ Commercial Realtor on 10/01/2009 01:55 PM

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Detroit Market Report in the ActiveRain Channel

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Newmark Knight Frank - Detroit OFFICE Market Report - 2Q09

A slight reprieve was seen in the Detroit office market in the second quarter of 2009. After six consecutive quarters of negative absorption, 69,244 square feet of space was removed from the market as the vacancy rate held at 22.5% from the first quarter. The vacancy rate is up from 21.5% one year ago and has remained above 20.0% for the past three years. The average asking rental rate fell in the second quarter to $19.75/sf from $19.90/sf at the end of the first quarter, and is down 2.4% from $20.24/sf over the last year. Rents have declined 12.6% from $22.60/sf, the peak during the fourth quarter of 2000.

According to the Bureau of Labor Statistics, employment growth in the Detroit metropolitan area was -6.2% for the 12 months ending in May 2009. The decrease in employment represented a loss of 47,900 jobs, indicating the largest amount of jobs lost in any 12-month period the BLS has on record, which dates back to 1990. The Consumer Price Index for Detroit advanced by 0.2% from February to April. The index declined 1.4% for the 12 months ending in April.

Click here for a PDF download of Newmark Knight Frank's Detroit OFFICE Market Report - 2Q09.

For Further Information Contact researchdepartment@newmarkkf.com

Check back often, enjoy my blogs and please leave comments!

Regards,

Jason Tucker | Associate Director

Posted by Jason Tucker ~ Commercial Realtor on 10/01/2009 01:41 PM

Comments (0)

Detroit Market Report in the ActiveRain Channel

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Verify Any Michigan License Here!

Use the license search feature, https://www2.dleg.state.mi.us/colaLicVerify/, on the Department of Energy, Labor and Economic Growth's section of www.michigan.gov to verify any Michigan license. You can search for many different licenses, including:

Accountants or Architects
Professional Engineers, Investigators, or Surveyors
Real Estate Sales & Real Estate Appraisers
Residential Builders
And many more...

It's better to be safe than sorry!

Jason Tucker | Associate Director

Posted by Jason Tucker ~ Commercial Realtor on 10/01/2009 12:59 AM

Comments (3)

Michigan License Verify in the ActiveRain Channel

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Make Sure Your Michigan Mover Has A License!

If you're planning to hire a moving company to move you within the state of Michigan, make sure the company you choose has a license from the Michigan Public Service Commission (MPSC). Recent changes in state law now require all intrastate household goods movers to have a license or "operating authority" from the MPSC. An intrastate mover is defined as one that operates only within the state. You can tell if an operator is licensed by looking for the required MPSC numbers and current year decal on the side of the truck's cab.

The new state law has a number of consumer protection provisions.

Some of these provisions include:

You may now negotiate the cost you pay for local moves (under 40 miles). Getting the best price may require you to get more than one estimate.
Moves over 40 miles are subject to regulated rates - but total cost may vary based on the number of additional services required.
Carriers may be financially responsible for actual loss or damage to property caused during a move, subject to the provisions of the new law.

Remember, a mover is breaking the law if they are moving you and are unlicensed. And it may cost you more than you bargained for!

For more information on rights and responsibilities when contracting to make a household goods move within Michigan, please contact the Michigan Public Service Commission, Motor Carrier, Energy Grants and Information Division at 517.241.6030.

Good luck with your move!

Jason Tucker | Associate Director

Posted by Jason Tucker ~ Commercial Realtor on 10/01/2009 12:34 AM

Comments (2)

Moving in Michigan in the ActiveRain Channel

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NEW & FREE Real Estate Networking Web Site!

Hi everyone! I found a new real estate networking site that looks pretty good - www.BrokerAgentSocial.com. They don't have the same point structure that ActiveRain has but anyway to get the word out is good.

http://www.brokeragentsocial.com/JasonTucker/

If you join please add me as a contact!

Also, let me know if you know of other similar sites.

Thanks Jason!

Jason Tucker | Associate Director

Posted by Jason Tucker ~ Commercial Realtor on 09/29/2009 10:17 AM

Comments (2)

Social Networking in the ActiveRain Channel

social, networking, network, advertising, friends, real, estate, commercial, michigan, web, site, share, contacts, referral, colleague, free

Does Facebook and Twitter actually help get leads???

I suppose I'm a bit late for doing this, but here it is, my Facebook page!

I'm curious if anyone can actually attribute a sale or prospect to Facebook or Twitter.

What are some other social networking sites that work well?

Help everyone out and let us know what your experience is.

Thanks everyone!

Posted by Jason Tucker ~ Commercial Realtor on 08/07/2009 09:55 AM

Comments (9)

Social Networking in the ActiveRain Channel

lead, prospect, twitter, facebook, social, networking, real, estate, curious, attribute, page, profile, connection, network, who, know

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