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Derek Hermsen
Jan 2, 20242 min read
Historic Year for Union Street Corporate Real Estate
No blog activity for over a year means one thing: the "brokerage iron" was hot. 2023 was by far the most active and exciting year for...
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0 comments


Derek Hermsen
Dec 8, 20213 min read
Remote Controls Seattle
Downtown Seattle's office space market is in trouble, but why haven't office "asking rents" fallen off a cliff ? It's because even if...
109 views
5 comments

Derek Hermsen
Oct 26, 20211 min read
Pacific Northwest Dental Conference
Over the past year and half, the pandemic has greatly impacted many sectors’ leasing efforts. Despite the overall negative trend, Union...
111 views
18 comments


Derek Hermsen
Jul 27, 20201 min read
Subleases Galore
It's happening. The subleases are pouring onto the market. The effects of COVID coupled with an already slowing commercial real estate...
25 views
1 comment


Derek Hermsen
Mar 30, 20201 min read
Civil Orders Impacting Tenants - Important Links
Governor Inslee's March 19, 2020 proclamation (20-24) banning non-essential dental work through May 18, 2020: https://www.governor.wa.gov...
59 views
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Derek Hermsen, Union Street Corporate Real Estate
Mar 20, 20203 min read
Strategies for Covering Rent
Strategies for Covering Rent during this period of income interruption.
93 views
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Derek Hermsen
Mar 18, 20202 min read
Seattle Extends Eviction Moratorium to Commercial Real Estate
Order applies to businesses with 50 employees or less, non-profit groups.
83 views
15 comments


Derek Hermsen, Union Street Corporate Real Estate
Mar 18, 20200 min read
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Derek Hermsen, Union Street Corporate Real Estate
Mar 16, 20202 min read
Coronavirus and Business Interruption
With the COVID-19 impacting everyone and their businesses, as a tenant representative, I have been fielding many inquiries about my...
89 views
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Derek Hermsen
Oct 24, 20191 min read
Smartsheet ENGAGE 2019
Smartsheet held its annual "ENGAGE" conference at the beginning of October at the Washington State Convention Center. Smartsheet (NYSE:...
34 views
0 comments


Derek Hermsen
Oct 21, 20192 min read
20 Years of Representing Tenants
In September of 1999 I was fresh out of college looking for a job and my dad suggested that I talk to my cousin, Parker Ferguson, "who...
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Union Street Corporate Real Estate
Jun 28, 20192 min read
How Much the LID will Cost You
As part of your company's operating expenses in late 2020, you will likely see a new line-item for "LID", which is the Local Improvement...
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Derek Hermsen
Feb 28, 20193 min read
Experimenting with Transportation: 1 Year without a Car
When my plug-in hybrid's lease expired at the end of 2017, I decided to conduct an experiment in transportation: life without a car. On...
34 views
1 comment

Derek Hermsen
Nov 15, 20181 min read
Do you need Lease Administration?
Follow this LINK to a great article on Lease Administration by my friend John Rice of Quarem. Find out who needs it and what it is.
19 views
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Derek Hermsen
Nov 13, 20181 min read
ECHO...Echo...echo...
Our office at Union Street has always had "sound issues". With 11 foot ceilings and hard surfaces all around, it creates a bit of an...
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Derek Hermsen
Oct 30, 20181 min read
Northgate Update!
Updated plans for Northgate Mall call for 1.1 million square feet of new office space! Hockey is now a part of the mix too. Photo...
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Derek Hermsen
Oct 23, 20181 min read
TWO FOR ONE
It's tough to keep on top of putting out newsletters in this day of instant tweets, posts, and shares; but here you go! CLICK HERE for...
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Derek Hermsen
Oct 22, 20182 min read
There's more to Charlotte than NASCAR and Petey Pablo
CHARLOTTE, NC, USA. ITRA Global (International Tenant Representative Alliance) just concluded its Fall Conference in Charlotte, North...
24 views
0 comments


Derek Hermsen
Oct 18, 20181 min read
Data & Interpretation
Check out my insights on the use of data and its visualization in commercial real estate. This link will take you to the Commercial Real...
28 views
0 comments

Derek Hermsen
Oct 12, 20182 min read
Smartsheet ENGAGE 2018
Since its founding in 2015, Union Street Corporate Real Estate has leveraged Smartsheet (NYSE: SMAR) as the backbone cloud service of the...
65 views
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