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 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.
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