Insights
The commercial real estate market is highly competitive, with spaces frequently being repurposed and new deals being signed among corporate firms and property owners. In this environment, having a trusted partner for your lease renewal or relocation needs is crucial for success. In an environment where Landlords value completing transactions and improving their bottom line...
Welcome to the topic “2024 Return-to-Office Trend Update: Looking forward to 2025 and Beyond“ As major employers across the U.S., including Amazon, JPMorgan, and Google, are now calling employees back to office spaces, questions around the future of work are becoming more pressing for employers, employees, real estate professionals, and office space owners alike. However,...
Welcome to “Tips for Buying and Selling Commercial Real Estate in 2024“ The commercial real estate market in the US is finally coming out of the woods and showing positive trends as was predicted for the second half of 2024. The pandemic’s after-effects are dwindling to some extent, with the commercial real estate market predicted...
Owner & Founder of Tenant Advisory Group, Bill Himmelstein was named Crain’s Chicago Business Notable Leader in CRE!
Welcome to the topic “Reshaping Chicago’s Commercial Real Estate – Core Spaces Strategic Office Expansion“ Downtown Chicago’s office vacancy rate is at a current high of 25.8% and has created ripple effects in Chicago across various sectors. Whether business owners are looking into the impact it has had on residential property taxes or value depreciation...
Welcome to the topic “The Real Cost of Empty Chicago Offices: How Downtown Vacancies Affect You in Real Dollars“ While the world has slowly and steadily made it back to normal after the pandemic, the commercial real estate office market has been in a downward spiral for quite some time, as remote work has become...
In this insightful video, Bill Himmelstein, the CEO and Founder of Tenant Advisory Group, provides a comprehensive update on the current status of the Commercial Real Estate (CRE) Office Market. Bill delves into the latest trends, challenges, and opportunities within the sector, offering valuable insights for business owners, investors, and real estate professionals.
Bill Himmelstein, the founder and CEO of Tenant Advisory Group, has been honored with a nomination for the Broker of the Year Award 2024 by the Illinois Real Estate Journal. This recognition is a testament to Bill’s hard work and dedication in the real estate industry. Additionally, Tenant Advisory Group has been nominated as a...
Welcome to the topic “How Do Interest Rates Affect the CRE Market?“ The commercial real estate (CRE) market has undergone a massive transformation due to the drastic surge in interest rates. While the Federal Reserve is projected to cut rates somewhat in the near future, the higher rate environment and geopolitical issues continue to influence...
Welcome to the topic “Office Demand Growing in 2024“ After a prolonged period of sluggish demand, the office market is finally showing signs of a potential turnaround in 2024. A strong indicator of this change is the increase in leasing activity, particularly from major corporations committing to long-term leases. Companies such as Kroger, the largest...
Welcome to the topic “Positioning to Sell Your Industrial Property“ Heightened Demand and Favorable Pricing Dynamics In recent years, there’s been a significant spike in investor interest in the warehouse sector of industrial real estate, especially in major metropolitan markets. And this increasing interest is expected to boost demand within the industrial real estate sector...
Welcome to the topic “Unlocking Value with Sale-Leaseback Transactions“ Business owners across the country are raising capital for their companies by unlocking the power of sale-leasebacks. Sale-leasebacks are a type of financial transaction where a business sells its owned real estate property to an investor or buyer, and then leases back the same property from...
We also want to acknowledge the relentless efforts of our team. Your passion and dedication are the driving forces behind our success. Lastly, we extend our sincere gratitude to the Illinois Real Estate Journal for this recognition. Your commitment to acknowledging excellence in the field of real estate is truly commendable. This nomination has not...
Welcome to the topic “Reviving Retail in Chicago’s Lincoln Park“ Plans to build a 500-unit apartment tower at Clybourn Place in Lincoln Park has generated a lot of excitement in Chicago. The hope for this massive project is to bring the downtown retail district back to life, and potentially be the beginning of a major...
Welcome to the topic “Why Warehouse Vacancy is Rising in 2024“ The warehouse real estate market has seen an unprecedented amount of change in the last several years. During the pandemic, there was a nationwide rush to build new warehouses to keep up with the spike in online shopping. However, the boom in construction slowed...
Welcome to the topic “Enhancing Your workplaces For Business Success“ Business success is only possible when employers value the well-being of their workforce. A strong workforce is the backbone of every successful business, and companies can only thrive when employees are in their best and most productive state. That’s why investing in company workplace improvements...
Welcome to the topic “Google’s Thompson Center Renovation: Revitalizing Chicago’s Loop and Its Economy“ The ongoing renovation of the Thompson Center by Google marks a significant turning point for Chicago’s Loop, attracting the attention of new and existing businesses to the area. Among the latest to make the move to the Loop is Lessen, a...
Welcome to the topic “Electric Vehicle Start-Up Moves to Chicago for R&D Headquarters“ Bedrock Materials, a new electric vehicle (EV) company from Stanford University, has chosen Chicago for its research and development (R&D) headquarters. This decision supports Illinois’ goal of becoming a leader in EV production. The company, which focuses on creating affordable sodium-ion battery...
Welcome to the topic “Industrial Boom Slows with Vacancy Rates on the Rise“ In 2022 and 2023, the U.S. industrial boom took the nation by storm, with over 1.5 billion square feet of new industrial construction projects starting across the country. This big increase in industrial inventory led to a higher national vacancy rate, going...
Welcome to the topic “Chicago Commercial Real Estate Trends 2024“ Preparing your business to take advantage of the changing commercial real estate (CRE) market can position your company to leverage the best market opportunities and deals. Chicago’s CRE landscape is drastically shifting due to a mix of economic, demographic, and technological factors. The traditional Central...