Insights
Here’s a quick look at how you can boost your real estate dollars in just 3 easy steps.
The Chicago commercial real estate market is enjoying a 15-year low in its downtown vacancy rates, hitting 11.7 percent during the second quarter of 2016. This is the lowest Chicago has seen since 11.6 percent in 2001. The surge of businesses moving downtown has been a driving factor in reducing the vacancy rates and contributing...
The South Loop, River West and West Loop each have taken their turn as being Chicago’s “it” neighborhood. Now it’s time to turn our eyes towards the Clybourn Corridor, the thin strip of land on the western edge of Lincoln Park between Clybourn Ave. and the Chicago River. This area already serves as a main...
Insightful discussions bloomed at the Tenant Advisory Group Executives Breakfast and Luncheon in March. At each of these events, entrepreneurs offered valuable advice prompted by a discussion question led by Bill Himmelstein. At the Executives Breakfast, guests were asked: How do you help your employees be more successful? Here are a few of the many...
Did you find the perfect office space and are ready to sign a lease or make a purchase? Are you trying to move your property quickly? If you’re involved in any leasing/purchasing real estate process it’s likely you’ve come across the term “dual representation.”
The commercial real estate industry is much smaller than you would think. Networking events and LinkedIn allow for everyone to know everyone else – or at the very least, have mutual acquaintances. Because of this, it is imperative to promote while protecting your image when dealing with colleagues, clients, or your competition. Failure to do...
Negotiation is an integral part of initially securing your lease. Imagine this: Your broker did a great job negotiating your lease. The space comes with all the amenities you could imagine AND you saved a great deal of money a few years prior when you signed. Your company loves this space, but this year has...
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Welcome to the topic “What Is Office Tenant Representation And Why Do You Need It” Finding a desirable and suitable office space can be an incredibly tough feat. For one thing, you often have limited choices that will work with your size, location and budget. There are also so many additional factors to consider. Then,...
TENANT ADVISORY GROUP Bill Himmelstein | Founder CEO & Managing Broker With more than twenty years of experience, Bill has completed over $1B in CRE transactions in his career and was named by Crain’s as Chicago’s Top Commercial Real Estate Broker. COMMERCIAL REAL ESTATE IN THE COVID ERA The Importance of Office Space ● Ideas...
As many companies begin to phase in reopening and prepare to send their employees back to the office, there are some definite changes you can expect to see in terms of layout and design. Here are some of our top things to think about as you prepare to re-enter the workforce. Density Crowded open floor...
“Giving starts the receiving process.” – Jim Rohn
All eyes are on vacancies as we head into the new year, as these rates are predicted to continue their increase through 2018. There are a number of factors contributing to this trend, including the emergence of several new properties downtown as well as a few new neighborhoods being developed. Here is a look at...
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.
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.
Effective negotiation is key in all aspects of business. Whether it be getting the raise you deserve, landing a deal, or with a lease getting the most “bang for your buck”, if you will.
Commercial real estate is typically a company’s second or third largest expense to payroll and materials. Yet, never in the twenty years that I have been a commercial real estate broker has space been on the mind of almost every single business owner and CEO. In the last 7 months, I have seen corporate leaders...