Insights
Glamorous downtown Chicago is bustling with the impressive influx of top corporations moving into downtown. However, apartment buildings are beginning to feel the effects of over-saturation and landlords are having a tough time renting their downtown spaces. With more buildings coming online in 2017, the increase in supply should cause rents to deflate as vacancy...
Coworking workspaces are becoming the new norm for up-and-coming businesses, offering the creature comforts of a big corporation – high-tech workstations, coffee supplies, conference rooms – at a price startups can afford. However, just because a coworking space seems to have it all doesn’t mean there isn’t room for negotiations or amendments to your lease.
Welcome to the topic “Reviving Retail in Chicago’s Lincoln Park“ Plans to build a 500-unit apartment tower at Clybourn Place in Lincoln Park has generated a lot of excitement in Chicago. The hope for this massive project is to bring the downtown retail district back to life, and potentially be the beginning of a major...
Thank you so much for supporting our business! It’s this support that allows us the opportunity to give back to some very worthy causes. Check them out to see all the amazing work they do, and if you are able, consider donating or even volunteering. A little help goes a long way!
Welcome to the topic “Women in Commercial Real Estate“ There’s a reason that women in commercial real estate have managed to carve a niche for themselves in the field. Yes, the world of commercial real estate has traditionally been dominated by men. But in recent years, we have seen a significant shift towards a more...
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...
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...
Thank you so much for supporting our business. It’s this support that allows us the opportunity to give back to the worthy causes below. Check them out to see all of the amazing work they do, and if you’re able to, consider donating or even volunteering. A little help goes a long way! American Heart...
What are the top 5 critical traits of any successful agent?
The Clybourn Corridor has been the focus of many discussions lately, as well as a primary target for major developers like R2 Developments and Sterling Bay. The stretch of land was once an industrial hotbed, but now it is experiencing a renaissance as the area transforms from industrial parks to retail, office and residential buildings....
When searching for the most suitable office for your company, it’s important to consider the building class type. While the class type is often overlooked by tenants, it is actually an important factor to determine and compare one building’s price to another. Office buildings are classified into three categories (A, B and C). The class...
How much is the market going to go down and how much rental reductions are we going to see? TAG CEO Bill Himmelstein advises keeping an eye on climbing vacancy rates and dropping rental rates, which may result in great opportunities for tenants in this coming market.
Qualification is essential when looking to lease a commercial space for your business. You and your new landlord will be making an investment in each other so it’s important to prove to the landlord that you are up for the financial commitment of the move and setting up of the new space.
Welcome to the topic “2023 Commercial Real Estate Outlook“ A lot happened in 2022, which is bound to show its impact on the 2023 commercial real estate outlook. The spiking interest rates, along with inflation, are predominantly to be blamed. One cannot forget about the Ukraine war, either. Of course, there are also the repercussions...
Paying attention to infrastructure means paying attention to the nitty gritty details, but it’s these details that save you time and money in the long run. Below we have your guide to all things infrastructure for your new office space.
The September Executives Breakfast and Luncheon inspired a number of great discussions and offered Chicago business leaders the opportunity to broaden their networks. At the Executives Breakfast, attendees discussed “creating work-life balance and how to manage work-from-home employees.” Here are some of the many responses:
Co-working spaces have been grabbing square footage in cities across the world over the past several years, fighting over who gets to house the influx of innovative startups and budding entrepreneurs. It appears that this market has hit oversaturation, and even the biggest names in co-working are starting to pull back.
Every month, Tenant Advisory Group hosts an Executives Breakfast and 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 the Executives Luncheon, attendees were prompted with the question, “What are some of your best practices for finding new clients?”...
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...