CRE Market Update – Office Space

Building culture is hard with a remote-based workforce. To have a top business, you need to have a top culture – this is why TAG CEO Bill Himmelstein suggests a phased-in approach for recommitting to your office space.

CRE Market Update – Rental Rates

How much is the market going to go down and how much rental reductions are we going to see? TAG CEO Bill Himmelstein advises keeping an eye on climbing vacancy rates and dropping rental rates, which may result in great opportunities for tenants in this coming market.

CRE Market Update – Subleasing

When is the right time to sign that next lease and start looking for office space? If you’re ok signing up for a sublease you might have a lot of opportunities coming up. TAG CEO Bill Himmelstein offers his insight here.

CRE Market Update – Rent Relief

A common question these days is “Will landlords give some relief in the form of free rent?” In general, landlords are willing to give some relief in the near term, but there may be some stipulations. TAG CEO Bill Himmelstein offers his insights.

Rethinking Office Design Post-Covid

As many companies begin to phase in reopening and prepare to send their employees back to the office, there are some definite changes you can expect to see in terms of layout and design. Here are some of our top things to think about as you prepare to re-enter the workforce.


Crowded open floor plans and layouts will be a thing of the past as great importance will be placed on safety and ensuring adequate spacing between workspaces. Office density will be greatly reduced – think about installing larger workstations and placing fewer chairs in common areas like meeting rooms or break areas. 


There will likely be fewer open, collaborative spaces in favor of more private offices and private and semi-private spaces and likely fewer people in the office at any given time as rotations of teams coming into the office may be implemented. Consider inserting dividers or partitions between discrete work areas to clearly delineate spaces and establish a sense of security and safety.


Expect to see sanitation stations and supplies ubiquitously placed throughout the office. Take into account other design implementations to limit the spread of germs, like plastic guards or coverings separating a receptionist, those in the waiting room, or in other densely populated parts of a space.

Workplace operations have seen an abrupt shift due to Covid-19 that may very well have a lasting impact on workspace design thinking and use far into the future. As you prepare to navigate this uncertain future, please consider contacting TAG for any future support we can offer.

Medical Facility / Office Building For Sale


For Sale – Office Building / Medical Facility – 1 S Virginia St/Route 14, Crystal Lake, IL 

Property Highlights
  • Building Size: 4,500 sq. ft.
  • Lot Size: +/- 26,000 sq. ft.
  • Parking Spaces: 14 on site/4 on adjacent property
  • Zoned: Office
  • Parcel No.: 19-06226028
  • Taxes (2018): $17,256
  • Asking Price: $690,000
  • Built: 2004
  • Move-in ready – fully equipped
  • Traffic Count: S. Virginia St/N. Virginia St – 23,430
  • Side-street Entrance (Crystal Lake Avenue)
  • Located on Route 14
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Coworking & Office Space Available: 9 W Washington


Coworking & Office Space Available – Prime Loop Location  – 9 W Washington

16,000 square feet
Available for direct lease at $26.25/sf MG
Coworking space for 3-40+ people
Several options & configurations possible
Click HERE for virtual tour!
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Coworking & Office Space Available: 444 N Wabash


Coworking & Office Space Available – Prime River North Location  – 444 N Wabash

10,000 square feet
5,000 sf direct lease available
$25.50/sf MG
2-60 person coworking spaces available
Several options & configurations possible
Click HERE for virtual tour!
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Prime Retail Space Available: 25-27 E Illinois


Prime Retail Space Available  – 25-27 E Illinois

5,000 Square Feet
Area Tenants: HUB 51, RPM Steakhouse, Shaw’s Crabhouse, Hotel Palomar, Star of Siam, Ruth’s Chris Steakhouse, Public House, LYFE Kitchen

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TAG is Here to Support You

To our friends and colleagues in the Chicagoland community,

Together we are facing a truly unprecedented situation. The coronavirus pandemic is affecting every aspect of our daily life and we recognize the tremendous uncertainty regarding the ultimate impact that this crisis will have on our public health and economy.

First and foremost, the health and safety of our team members is our priority. Our teams are working remotely and remain fully operational so there will be no disruption to TAG’s services.

We also think a lot about you, as our partners and clients, and the different industries at-large. While there is still so much that we don’t know about this virus, we do know that the economic effects will likely weigh heavily on many of our industries. We may be in uncharted territory, but we have faced financial crises before – and it has always been in everyone’s best interest to work together.

As you help your clients navigate these unsettling times, we wanted to remind you of how we can help both you and them:

  • providing rent relief today
  • selling property to free up capital and increase liquidity
  • buying/ acquiring properties for owner occupied or investment
  • subleasing additional space, office, medical, industrial
  • finding new space to lease or renew existing lease
  • freeing up capital from a security deposit or letter of credit

Extraordinary times call on communities to come together in extraordinary ways and we must all rise to that challenge. We want to help you and your clients. Please reach out to Bill Himmelstein at to learn more. We wish you and your loved ones stay healthy during these unique times.


William D. Himmelstein, CCIM, CNE

Founder, CEO & Managing Broker

Tenant Advisory Group, LLC

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