Insights
When coworking companies came onto the scene, they quickly became a tool for commercial real estate brokers to help young and small business owners find a temporary space. However, this symbiotic relationship may be in jeopardy with the announcement of WeWork’s tenant representation services as brokers will be far less likely to bring their clients...
In this video Bill Himmelstein, delves into the latest developments and shifts in the industrial market. Also watch – National Office Market Trends
“¢ Understand Client’ requirements in terms of budget, location, type, size and quality of space.
Welcome to the topic “Opportunities for Chicago Business Owners in 2025“ The downtown office market in Chicago is now facing a shift. In the second half of 2024 the office vacancies reached 26.3% – which settled a new record high and marked the 10th consecutive quarter of rising vacancy rates. This new vacancy rate is...
Most commercial leases typically run between 5- 10 years. In good leases, there are provisions to the rental agreement allowing a tenant to extend the length of the lease. A general rule of thumb: Instead of immediately exercising your renewal option, try to negotiate each renewal term instead. However, if you come to a standstill,...
TAG CEO Bill Himmelstein discusses the state of the CRE market and dispels some current myths, particularly around office space.
In a time where the commercial real estate industry is as fast-paced and as dynamic as ever, having helpful insight and advice about what’s important and what’s working (or not) can help anyone learn as they go. We’ve launched an all-new series with MeetAdvisors.com – “Commercial Real Estate: What I Know Now and Wish I...
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 August’s Executives Luncheon, attendees were prompted with the question: “How do you attract and retain top talent?” Here are a few of the lessons...
Welcome to the topic “How Do Interest Rates Affect the CRE Market?“ The commercial real estate (CRE) market has undergone a massive transformation due to the drastic surge in interest rates. While the Federal Reserve is projected to cut rates somewhat in the near future, the higher rate environment and geopolitical issues continue to influence...
Here are the 7 mistakes to avoid making when you’re a commercial real estate broker.
Welcome to the topic “Key Industrial Manufacturing Trends” Industrial manufacturing trends in 2024 and beyond are becoming increasingly affected by technological advances and government initiatives. Among others, this includes the US CHIPS and Science Act, which allocates $50 billion for the domestic semiconductor industry, and the Infrastructure Investment and Jobs Act, which earmarks $1.2 trillion...
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...
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.
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...
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.
Money Matters invited Bill Himmelstein on their podcast to share his experiences in starting his own business, as well as divulging tips to young people on how to advance in the industry.
TAG completes dozens of successful negotiations every year (over $30,000,000 worth of transactions in the last 2 years!) because we know the market better than anyone else and we understand how to work with others. Here are some tips you can use with your negotiations:
Topic: How to Get Wealthy Slowly Bill Himmelstein was featured on the Straight Up Chicago Investor Podcast! Listen to Bill speak with Mark Ainley and Tom Shallcross about long-term investing and how real estate is not a “get rich quick” but rather a “get wealthy slowly” investment. Bill starts by talking about his start in...
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...