Insights
When moving to a new office space, there is quite a bit to consider to ensure the process goes smoothly. One area that often gets overlooked is transition timing and lease overlap. However, this is a key point to be aware of, as a disruption or delay in the build out process can mean operating...
Renting commercial property is a major move. The good news is that you can avoid many common worries in the first place, when you do a line-by-line review of the lease. Sure, reading a commercial lease can be difficult and time-consuming, but the consequences of not reading it can be infinitely more unpleasant.
Welcome to the topic “Positioning to Sell Your Industrial Property“ Heightened Demand and Favorable Pricing Dynamics In recent years, there’s been a significant spike in investor interest in the warehouse sector of industrial real estate, especially in major metropolitan markets. And this increasing interest is expected to boost demand within the industrial real estate sector...
Episode 1: Investing in Multi-Family Real Estate
The healthcare industry and medical office real estate are undergoing a tremendous shift. This is because healthcare professionals are adjusting to a new mode of service delivery, the effects of the Affordable Care Act and the growth of the 65+ demographic. While many of the same principles required to lease general office space apply to...
Having the most knowledge and information is a huge key to any negotiation. Simply asking is one of the most effective ways of acquiring vital information.
Welcome to the Topic “The Massive Effect of E-commerce on Industrial Real Estate (Warehouse and Distribution centers)” Industrial warehouses and distribution centers have evolved substantially due to the boom in e-commerce and the growing inventory needs of e-commerce powerhouses like Amazon. Traditionally, warehouses and distribution centers were built-in storage chambers for giant store-front retail corporations. ...
Welcome to the topic “Best Practices for Negotiations in Commercial Real Estate“ Navigating the complex world of commercial real estate requires exceptional negotiation skills. Whether you’re a buyer, a seller, or a broker, understanding the nuances of negotiation can make all the difference in closing deals and obtaining favorable terms. In this comprehensive guide, we’ll...
Welcome to the Topic “Commercial Real Estate and Company Culture” Developing a culture where real estate professionals feel at ease, inspired, and able to succeed is one of the most critical elements of this industry. The mission, goals, and even the actual work environment can all be considered part of a company’s culture. Real estate...
Bill Himmelstein, Founder, CEO & Managing Broker of TAG, was featured in the publication – BACK OF HOUSE, an online resource providing insights and services that help restaurants win. In this article, Bill discusses the best strategies for negotiating ands re-negogiating favorable lease terms for commercial restaurant spaces. The best part about using the strategies...
Welcome to the topic “Is the CRE Office Market Back? NYC Says “What Pandemic?“ With the massive push to “Return to Work” and the under-market value rents still available, the Commercial Real Estate (CRE) office market is on the rise. All signs point to a major uptick in commercial real estate, encouraging new investment in...
Every month, Tenant Advisory Group hosts an Executives Breakfast to provide an opportunity for Chicago business leaders to build new, meaningful connections and discuss topics relevant to running a business. During one of April’s Executives Breakfasts, attendees were prompted with the question, “What are your tips for managing time?” Here are a few of the...
The current COVID-19 pandemic has greatly affected the commercial real estate market. Bill Himmelstein, founder and CEO of TAG, discusses some of the current market statistics and puts them into context.
Chicago is the third largest city in the United States which means there is a deep pool of potential office spaces to fit just about any business. Prior to beginning the search for new space, many of our clients are interested to know what exactly is involved in the process. Through our experience we’ve assembled...
Employees are the lifeblood of any business, and their productivity is directly tied to their happiness. Employees who feel their needs are being met are generally more productive and creative. It’s human nature, and finding a space that supports your team can mean happier and more productive employees.
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...
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.
Welcome to the topic “Google’s Thompson Center Renovation: Revitalizing Chicago’s Loop and Its Economy“ The ongoing renovation of the Thompson Center by Google marks a significant turning point for Chicago’s Loop, attracting the attention of new and existing businesses to the area. Among the latest to make the move to the Loop is Lessen, a...