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rent: What is a lease abstract and how can it help your business? - 06/22/10 03:05 PM
Most corporate real estate leases consist of several dozen pages and in some cases upwards of a hundred pages or more.  A lease abstract is a 1 or 2 page snap-shot of your lease in an easy to read format.  The process involves reading through your entire lease and abstracting pertinent information.  Some examples of extracted information include the following:
  •  Date Lease Signed
  •  Date Lease Expires
  •  Length of Term
  •  Current Rate Being Paid PSF
  •  Escalation Clause
  •  Termination Options
  •  Security Deposit
  •  Penalty Fees If Any
  •  Renewal Options
  •  Contraction & Expansion Options
… (1 comments)

rent: Newmark Knight Frank - Detroit Industrial Market Report - 1Q10 - 06/22/10 02:15 PM

Conditions in the Detroit industrial market continued to weaken during the first quarter of 2010. Total net absorption was negative for the sixth consecutive quarter as nearly 1.7 million square feet were put back on the market.  The vacancy rate increased to 20.0%, the Detroit industrial market high on record since 2000.  The average asking rent fell to its lowest point on record to $4.02/sf from $4.04/sf reported during the fourth quarter of 2009.  Average asking rents in the Detroit industrial market have remained in the $4/sf to $5/sf range for the past eight years.
The Groesbeck submarket was one … (0 comments)

rent: Newmark Knight Frank - Detroit Office Market Report - 1Q10 - 06/22/10 02:00 PM

Weakening conditions prevailed in the Detroit office market during the first quarter as the vacancy rate rose to 24.7% from 24.2% in the fourth quarter of 2009.  The vacancy rate has remained above 20.0% for over three years.  Total net absorption was negative for the ninth consecutive quarter as 418,407 square feet were returned to the market.
Average asking rents declined slightly in the first quarter to $19.63/sf from $19.67/sf in the fourth quarter and were down 1.7% from $19.97/sf reported one year ago.  Rents have declined 15.3% from $22.63/sf, the peak during the fourth quarter of 2000.
In the … (0 comments)

rent: Not Another Office Lease Nightmare Story!? - 07/16/09 10:41 AM
Yet again, we met with another company and the story is the same!
So many of these companies signed leases in a "different" market, and the lease that they had agreed upon included an annual increase, or a rent escalation, usually of $.50 cents per square foot per year.  The problem is, they are in their 3rd or 4th year of a long term lease and they are now paying an exorbitantly high price per square foot.  In some cases, they are paying close to DOUBLE what the market rate is.
What is Rent Escalation? Fixed rent over a longer-term lease … (0 comments)

rent: 15,271 Sq Ft – Prime Sublease Space in Auburn Hills, Michigan - 10/23/08 01:20 PM
FOR SUBLEASE
2601 Cambridge CourtAuburn Hills, MI 48326(Downloand The Brochure HERE!)

Property Features:
As exclusive agents, we are pleased to offer the following space for lease:
Premier Class "A" Office Building Beautifully Built Out Medical Office - Can Easily be Converted to General Office Excellent Location along I-75 and University Drive in Auburn Hills, Michigan $16.50/mg (Other suites in the building currently priced at $23.50/+ elec) Up to 15,271 SF Available

For a private showing of this sublease or for more information regarding this property please contact me directly via email at jtucker@newmarkkf.com or my cell phone at 248-431-8138.
Jason Tucker … (0 comments)

rent: Michigan Commerical Space For Flims - 06/25/08 06:46 PM
Hey everybody!  As you may or may not already know, Michigan has passed a film incentive bill to increase movie production in our state.  Well to all the film production companies out there, I'm the guy to talk to if you're location department needs building, factory, office, or warehouse space for shooting.  As with many other states, we have an overabundance of properties on the market and with the right list of requirements I'm sure I could help locate the perfect location for your next film!
2008 Michigan Filming Incentives in a Nutshell
Must spend at least $50,000 in Michigan to … (0 comments)

 
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Jason Tucker

Richmond, VA

More about me…

Address: Richmond, VA, 23294

Office Phone: (248) 431-8138

Cell Phone: (248) 431-8138

Email Me

Jason is personally committed to a holistic approach for assisting local and international companies with their strategic real estate needs. He provides his clients with targeted real estate market research, industry trend analysis, and logistics solutions that enable them to make well-informed, cost-effective decisions about their businesses.


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