Insights
The City of Chicago is experiencing a dramatic change in the availability of commercial real estate. The landscape is in flux due to the improving U.S. economy. Real estate typically lags the economy which leads to a very intriguing cycle of office space availability. Because of the interconnected nature of all of these issues, many...
At Tenant Advisory Group, negotiations are a part of everyday life. Last week, we gave 5 tips for successful negotiators. We have 5 more tips for a successful negotiation. Tips 6 through 10 focus on understanding the other side of the negotiation process.
From the seasoned lease or contract negotiator to the first timer, it is vital to have a strong set of ideals behind all negotiations. The more confidence in and acumen with these skills that one has, the higher opportunity for coming away with a positive outcome.
Unless you work for a brokerage firm, you are not an expert when it comes to commercial real estate leases. Leave it to the experts when it comes time to negotiate your lease.
Throughout 2014 there have been many examples of a drastic escalation in the valuation of land within the confines of the City of Chicago. Since much of this land is being developed for the purpose of condominiums and apartments, developers may find it more attractive to shift their focus to surrounding neighborhoods. These value oriented...
When searching for the most suitable office for your company, it’s important to consider the building class type. While the class type is often overlooked by tenants, it is actually an important factor to determine and compare one building’s price to another.
Qualification is essential when looking to lease a commercial space for your business. You and your new landlord will be making an investment in each other so it’s important to prove to the landlord that you are up for the financial commitment of the move and setting up of the new space.
Searching for and leasing a commercial space for your business is a process, to say the least. To make the most out of your process with the least amount of agony, there are a few tips for finding a great commercial space and simplifying the process.
Recently, I had a very interesting conversation with a business owner who was seeking to renegotiate his office lease. He told me he is working with a business consultant on the renegotiations. I thought; Wow! Hold on, a business consultant?
If you land on the right space for your business, you have to move fast. There are more buyers and tenants than sellers and spaces in today’s market.
Chicago is home to a variety of diverse neighborhoods. Finding the perfect location for your business can be difficult. Below are 4 of our favorite neighborhoods that range in everything from style to price.
“When is the right time to negotiate my lease,” is one of the most common questions when it comes to commercial real estate. The answer is simple: now! A company’s business should fuel its real estate needs, not the other way around. The real estate should support the business.
Leasing the perfect office space can be a very difficult and daunting task. With so many variables from parking to flooring, finding the perfect space can feel nearly impossible. Start looking internally within your own business. Really understanding your business’ needs will allow you to discern between trends, lofty dreams and reality.
Every company wants the most modern building right next to the most successful businesses in the city. While many companies believe this to be a power move to boost creativity and generate more business, it’s actually costing your business more than just rent. It’s crucial to pay attention to two important factors when preparing to...
Chicago’ Fulton Market has become the “hot-spot,” for start ups, yet there’s a hefty price tag to go with.