Insights
Almost everyone has been in a situation where they needed to either break or amend a property lease. In commercial real estate, there are four main reasons a company may have to sublet their space. The first two reasons are fairly obvious and usually have to do with company size and business trajectory; a company...
This Executives Breakfast inspired a number of great discussions and offered Chicago business leaders the opportunity to broaden their networks. At the Executives Breakfast, attendees discussed “Is there a defining moment or decision you’ve made that has helped shape your career?” Here are the responses:
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...
Long term leases, if done properly are made with options to be broken. Whether the landlord is looking to get the current tenant out in order to charge more to a new tenant or more likely, the tenant is looking to get out to find the right sized space, there are many times in commercial...
Welcome to “CRE Opportunities: Turning Warehouses Into Data Centers” The pandemic hit every industry out there pretty severely and commercial real estate was no exception. In fact, this sector had to bear long-lasting damages as the extended lockdown forced a lot of businesses to shut operations. Many tenants had to close permanently. Although the world...
Welcome to the topic “2024 Return to Office Trend” Transforming Business Landscape The return to office trend is transforming the business landscape, leading companies to reassess their operations and growth strategies. As organizations continue to transition back to in-person work environments, they are restructuring teams, redefining roles, and realigning processes to optimize collaboration and productivity....
If you’ve signed a lease for office space or talked with any commercial landlords lately, you’ve probably been asked about having General Liability Insurance.
Welcome to the topic “Traditional Office Space Vs. Co-Working Space” There are many choices people have these days when it comes to renting commercial spaces. Naturally, most business owners want an office space that’s not only cost-effective but also convenient for their clients and employees. These spaces should also fulfill all organizational requirements in terms...
TAG CEO Bill Himmelstein discusses the state of the CRE market and dispels some current myths, particularly around office space.
Welcome to the topic “The Power of Tenant Improvement Dollars and Rent Abatement: A Strategic Guide for Businesses and Real Estate Brokers“ In commercial leasing, understanding the power of tenant improvement dollars and rent abatement is like unlocking a hidden treasure chest for businesses. These financial incentives not only shape the physical layout of a...
As a tenant broker we are the proverbial parent and our clients, the tenants, are our children. We want to ensure that they’re safe, warm, and well protected with a strong roof over their heads and an even stronger lease. Just like a student applying to a college that will check their credentials and qualifications,...
Every month, Tenant Advisory Group hosts an Executives Luncheon to provide an opportunity for Chicago business leaders to build new, meaningful connections and discuss topics relevant to running a business. During June’s Executives Luncheon, attendees were prompted with one question: “What employee-management issues have you struggled with in the past year and how did you...
Prior to beginning the search for new space, many of our clients are interested in understanding what exactly is involved in the process. Below is an outline of the key steps involved in finding new space for your business. 1. A tenant representative broker assembles a market survey of options that fit the Client’s criteria...
3 Articles to Read This Weekend Five Mega-trends Shaping Commercial Office Development The developments and offices we plan and construct today are being governed by something I like to call New Office-ism. It’s a design approach that eschews monolithic uses in favor of mixed-use, walkable patterns. New Office-ism incorporates aspects of master planning, urban design...
Welcome to the topic “Designing Commercial Offices For Hybrid Workers“ Commercial hybrid offices are definitely the need of the time. As the world adapts to the new normal of hybrid working, where employees split their time between working remotely and commuting to the office a few times a week, commercial real estate offices are undergoing...
The coronavirus pandemic is affecting every aspect of our daily life. For many, renegotiating your lease may be something that needs to happen sooner rather than later. Now more than ever a skilled broker can help you negotiate the most favorable terms. Check out our top ten negotiation tips here.
Lease office space on the second and/or third floors of a quiet building at 744 N. Wells. Located in River North, this opportunity also comes with access to VentureShot networking events.
Being able to walk away is tremendous leverage. In any negotiation, you must always be willing to walk away. However, before getting into a situation where this is a possibility, you have to ask yourself a few questions:
Every month, Tenant Advisory Group hosts an Executives Bruncheon to provide an opportunity for Chicago business leaders to build new, meaningful connections and discuss topics relevant to running a business. During August’s Executives Bruncheon, attendees were prompted with the questions: “What are your best business development techniques and what is the best advice you’ve ever...
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.