Insights
Welcome to the topic “When to Walk Away from a Commercial Real Estate Deal“ The decision to stop commercial real estate deal negotiations is seldom easy. Quite a few times, you enter the deal confident that you have found the perfect space for your commercial real estate needs. However, soon enough, the red flags become...
Organizing the layout of your new office space is about more than just configuring desks — this complex art is actually an important contributor to your overall company culture and happiness! You’ll need to consider important factors like gathering areas, noise level and relaxation stations. Here are a few key factors to keep in mind...
Bill Himmelstein speaks frequently about the importance of negotiation and how to become a successful negotiator. His last seminar honed in on the importance of negotiation when securing your lease. Below are his 10 Tips to a Successful Lease Negotiation.
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...
When you’re looking for a new space, having a budget is essential. As you check out potential locations it’s important to understand the not-so-obvious costs that may pop up as you transition to your new place.
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 May’s Executives Bruncheon, attendees were prompted with two questions: “What is the best thing that’s happened to you in the last few weeks both...
All businessmen and women know that a baseline of trust between parties is critical to the success of any negotiation. But within the course of business dealings, how do you build that trust? What active steps can you take to raise the chances of a positive outcome for both sides? Instead of simply hoping that...
This is a question that has been posed to me hundreds of times in my career. The answer is simple: now! What I mean by that is you should review your lease on a yearly basis. A company’s business should drive its real estate needs, not the other way around. The real estate should support...
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.
Here’s this week’s recommended reading: 8 Challenges of Starting a Real Estate Investment Firm Real estate is an entrepreneurial business where almost everyone aspires to do their own deals. That’s part of what makes it so interesting. There are a lot of really smart professionals out there eager to do their own deals, however starting...
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: $800,000 Built: 2004 Move-in ready – fully equipped...
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 “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...
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
Welcome to the topic “Chicago Office Space Trends – How to Design Your Office for Returning Employees” Many businesses have developed creative solutions to keep workplace safety a major priority while preserving corporate culture, ensuring high levels of productivity and efficiency, and encouraging a much-needed sense of employee well-being. As you begin to welcome your...
Need to know the latest trends in the Chicago Real Estate market? In this video, Bill Himmelstein shares the latest real estate data in the Chicagoland market. The January CRE update gives you the most current insights on what the market is doing and the implications it has on future real estate transactions in the area.
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...
New To Market – Loop Sublease Space – 35 W Wacker, Suite 800 11,054 square feet Available April 2021 LXP – 02/28/27 Mostly open floor plan Fully furnished Beautiful river views CLICK HERE FOR VIRTUAL TOUR
When is the right time to negotiate your lease? NOW!
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.