Insights
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.
When negotiating a new lease or lease renewal for commercial office space, many business owners and operators believe they can use a trusted family lawyer, IP, tax, corporate or other non-real estate attorney to help mediate terms. While it may be tempting to choose a lawyer you’re familiar with over an expert in real estate,...
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...
Increasing employee productivity has been a challenge faced since the early days of the traditional office space. Unfortunately, many companies overlook a simple yet crucial solution: office layout. Improving the overall design of a space can do wonders in improving corporate culture, leading to better productivity.
Chicago’s Top Commercial Real Estate Broker, William Himmelstein, shares insights on what to expect when looking for office space in 2021 and offers tips on navigating the commercial real estate landscape. While many businesses continue to extend their work-from-home policies as the pandemic wears on, many owners report plans to return to the office. Some...
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...
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.
Want the latest cre market update? In this video, Bill Himmelstein gives a market update on the industrial, retail, and office commercial property sectors and the opportunities available for business owners and those active in the sectors.
Welcome to the topic “The ROI Of Leasing Traditional Office Space” There are many valid reasons for why businesses began to reconsider their need for traditional office space over the last few years. The American workforce has had a major shift in perspective regarding work-life balance; the state of working underwent a complete transformation in...
A couple days ago, I had an interesting conversation with a business owner who was looking to renegotiate his office lease. He told me he is currently working with a business consultant to help him to do this. I thought, Wow! Hold on, a business consultant?
Where do you see yourself in five years? No matter how old we get, this question never becomes less annoying. Whether we’re interviewing for a new job or even thinking back to our post college days right before we landed our first job–no one wants to answer this question. Now, where do you see your...
When considering hiring a specialist to help you navigate the real estate goals of your business, it’s important to understand the difference between what you get when you turn to a business consultant versus a real estate broker. The word consultant can easily be misleading and tricky. Consulting is the right motive, but a real...
When it comes to a landlord’s consideration in negotiating real estate terms with prospective tenants, does size matter? In theory, yes. A larger company that takes up more space in a building has more leverage over the landlord because they represent a larger share of the building’s cash flow and profit. They also provide the...
An organization’s greatest asset is its people, and success is often defined by the team’s ability to work together to yield great results. This new collaborative mentality has manifested itself in a complete overhaul of office design. Fortune 500 companies have invested in unique spaces featuring everything from coffee bars to tiki bars.
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...
Who you know can be more important than how many people you know. Upgrade your networking efforts by taking the time to meet people you believe can be helpful to you and then do what you can to be helpful to them. Take a listen for more tips on finding the right networking partner.
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...
From founding a company to raising money to launching a new product. Each stage of an entrepreneur’s journey is crucial – and certainly at every stage of growth. It’s not always talked about but short of what you pay your employees, office space is often a startup’s largest fixed expense. Finding the right office space...
Want the latest cre market update? In this video, Bill Himmelstein of Tenant Advisory Group gives an overall outlook on the state of the commercial real estate market for 2023. Find out what you need to know before getting your next commercial space.
https://www.youtube.com/watch?v=EqBo3zTs7m4