office: What is a lease abstract and how can it help your business? - 06/22/10 08:05 AM
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)

office: Newmark Knight Frank - Detroit Office Market Report - 1Q10 - 06/22/10 07:00 AM

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)

office: How Can An Employee Scattergram Help Your Office Search? - 05/12/10 06:09 AM

Maybe you've heard of the term Employee Scattergram or maybe you haven't, but in your search for new office space knowing where your employees live in relation to your office location may be one of the most important things you know.  I've heard it said that "the drive to work is the number one reason why many people quit their jobs!"  Having a quick commute to work can be just as an important fringe benefit as health benefits or retirement savings.
The way an Employee Scattergram works is fairly simple: 
Gather all employee zip codes Utilizing a mapping program enter … (0 comments)

office: Metro Detroit - Southern Oakland County Area - Client Requirement - 1,500 to 2,500 SQ FT Office Space - 10/09/09 10:44 AM
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 48331Phone: 248-848-4084 | Fax: 248-848-9041 | Cell: 248-431-8138e-mail: jtucker@newmarkkf.com | Website: www.newmarkkf.com
(0 comments)

office: SUCCESS - Jason Tucker Helps GPS Mapping Software Development Company Find Office Space in Farmington Hills, MI - 10/06/09 04:02 AM

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 … (1 comments)

office: SUCCESS - Jason Tucker Helps Software Development Company Find Office Space in Ann Arbor, MI - 10/06/09 03:58 AM

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 … (5 comments)

office: SUCCESS - Jason Tucker Helps Networking Integration Company Find Office Space in Novi, MI - 10/06/09 03:42 AM

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 … (0 comments)

office: Newmark Knight Frank - Detroit INDUSTRIAL Market Report - 2Q09 - 10/01/09 06:55 AM

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 … (0 comments)

office: Newmark Knight Frank - Detroit OFFICE Market Report - 2Q09 - 10/01/09 06:41 AM

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 … (0 comments)

office: Make Sure Your Michigan Mover Has A License! - 09/30/09 05:34 PM
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 … (2 comments)

office: 14,512 Sq Ft - Prime Sublease Space in Southfield, Michigan - 07/24/09 09:14 AM
FOR SUBLEASE
26911 Northwestern Highway, Suite 200Southfield, MI 48034(Download Brochure HERE!)

Property Features:
As exclusive agents, we are pleased to offer the following space for lease:
$17.25 plus Electric (Other building suites currently priced at $17.50/+ electric) Ideal Space For Engineering, Media, or Computer Firms Space is 14,512 SQ FT of Office and is Non Divisible On-Site Management, Restaurant and Sundry Shop Adjacent to Marriot and Marriot Courtyard Hotels Furniture and Built-In Work Stations Available No Annual Expense/Tax Escalation Increases Extraordinary Class "B" Office Building Excellent Access to All Freeways Sublease Expires June 30, 2012 750,000 Total Building SQ FT … (0 comments)

office: Metro Detroit - Ann Arbor Area - Client Requirement - 20,000 to 40,000 SQ FT Office / R&D - 07/24/09 08:50 AM
Hi everybody!
I represent a client with a need to purchase an office or R&D building, at a distressed price, with the following requirements:
Size:  20,000 40,000 SQ FT building, preferably to accommodate clients own needs Would consider a building up to 40,000 SQ FT + with 20,000 SQ FT available with some tenants in place Type:  Office/R&D Space Timeframe:  6 Months with Occupancy At Closing Location:  Ann Arbor Area 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 48331Phone: 248-848-4084 | Fax: … (1 comments)

office: Not Another Office Lease Nightmare Story!? - 07/16/09 03:41 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)

office: How to get the VERY BEST DEAL on your Next Office Lease - 07/13/09 06:13 AM
The past months and years of difficult economic times have taken their toll on the corporate real estate market.  Many brokers are predicting a tough road ahead for landlords who purchased buildings with financial expectations that won't be met.  Discounts can be found for companies of all sizes, in buildings of C, B and A classes (i.e. Good, Better, Best).
Knowing what to look for and how to go about it can save your company thousands to hundreds of thousands of dollars.  Here a few simple guidelines to follow when reviewing your new office lease:
1.) Use a tenant representative broker.Finding … (0 comments)

office: Tucker's 2 Cents - What industries to focus on for 2009: - 04/07/09 06:09 AM
Hey everyone!  While revising my annual commercial real estate business and marketing plan, it seemed beneficial for me to gather opinions of other people from my professional industry.  This post is focused on my target customers for 2009 and I would be very interested to hear your thoughts and comments on the same topic.
For 2009 I will be focusing much of my efforts on the following industries:
Alternative Energies - There have been accounts of numerous new companies, projects and ventures in the alternative energy field.  All of which may need facilities, land and/or office space. Emerging Technologies - There … (1 comments)

office: So Who Say's There's Nothing Happening Out There? - 04/03/09 11:36 AM
Okay guys and gals, I don't know about you but things are really rocking and rolling here!  Although, it may be because I am working around the &!@# clock, or maybe not..
Here are a few recent successes:
Tenant Representation Services - Recently assisted a telecommunications and networking firm with finding new space and they signed a 3 year lease on roughly 2,000 SQ FT of office space in Farmington Hills, Michigan. Landlord Representation Services - Challenged with finding a new tenant to manage a 22,000+ SQ FT banquet center and café, we were able to find a replacement tenant in … (5 comments)

office: Metro Detroit - Novi Area - Client Requirement - 2,500 to 3,500 SQ FT Office/Flex/Industrial - 12/09/08 11:15 AM
Hi everybody!
I am representing a client looking to lease office/flex/industrial space:
Size:  2,500 to 3,500 SQ FT Type:  Office/Flex/Industrial Space Timeframe:  Immediate Location:  Novi/Farmington Hills/Livonia/I-275/696/M-5 Corridor 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 48331Phone: 248-848-4084 | Fax: 248-848-9041 | Cell: 248-431-8138e-mail: jtucker@newmarkkf.com | Website: www.newmarkkf.com
(2 comments)

office: U.S. Office Property Sector – Market Outlook - 2009 - 12/09/08 10:50 AM
Commercial Real Estate Outlook for 2009:  Negative Impact of National Recession Mitigated by Moderate Increase in New Supply
In a report on the outlook for the US office property market next year, global real estate firm Newmark Knight Frank reports that most US regional markets may be better positioned to weather the coming downturn than they were in past recessions because development activity has been restrained.
There are exceptions, however, including Washington DC, Phoenix, Houston and some parts of California, which have all grown rapidly in the past several years the report says. Newmark Knight Frank's outlook for New York City … (1 comments)

office: Enhance Your Luck - 12/02/08 04:47 AM
By Jon Gordon

"Do you feel lucky?" It's not just one of my favorite Clint Eastwood quotes, it's also an important question each one of us should ask ourselves. Turns out luck, like much in life, has a lot to do with our beliefs and the energy and attitude we project. The luckier we feel and believe we are, the luckier we are.
A great article in Men's Health Magazine by Matthew Teague, which features the latest research from British psychologist Richard Wiseman, author of the Luck Factor, explains that there is a lot more to luck than coincidence or … (7 comments)

office: 15,271 Sq Ft – Prime Sublease Space in Auburn Hills, Michigan - 10/23/08 06:20 AM
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)

 
Jason Tucker

Jason Tucker

Richmond, VA

More about me…

Address: Richmond, VA, 23294

Office: (248) 431-8138

Mobile: (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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