Insights
Interested in starting your own entrepreneurial journey but unsure what to expect? Then read up on our interview with Bill Himmelstein, founder, and CEO of Tenant Advisory Group, located in Chicago, IL, USA. What’s your business, and who are your customers? We are a commercial real estate brokerage firm focusing on representing the transactional needs of businesses...
We just wanted to take a moment to thank everyone who was able to attend our yacht outing! The weather held up and a great time was had by all. As mentioned when we first got on board, the purpose of these events is for the best people in my network to meet one another...
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...
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....
If you’ve signed a lease for office space or talked with any commercial landlords lately, you’ve probably been asked about having General Liability Insurance.
Welcome to the topic “Why You Need a Real Estate Attorney for Lease Negotiations“ The importance of hiring the right attorney cannot be overstated when engaging in lease negotiations. Just as you wouldn’t trust a cardiologist to perform brain surgery, you shouldn’t rely on a general counsel to navigate the intricate world of real estate...
When negotiating a new lease or lease renewal for commercial office space, many business owners and operators believe they can use a trusted family lawyer, IP, tax, corporate or other non-real estate attorney to help mediate terms. While it may be tempting to choose a lawyer you’re familiar with over an expert in real estate,...
Welcome to the topic “Why Warehouse Vacancy is Rising in 2024“ The warehouse real estate market has seen an unprecedented amount of change in the last several years. During the pandemic, there was a nationwide rush to build new warehouses to keep up with the spike in online shopping. However, the boom in construction slowed...
The business landscape is competitive. The line between ethical and unethical can often become blurred. There is a big discrepancy and ultimately a determining factor in reputation, of how one sees the difference between the two. With the rate new businesses and competitors are emerging, there is a rising concern from established companies that they...
Welcome to “Why Now Could Be the Best Time To Lease Commercial Office Space” Many companies prefer to lease their commercial offices rather than purchasing space. Leasing offers a greater amount of flexibility and leverage to accommodate any future changes in your business. If you are considering leasing space but don’t know much about commercial...
“Giving starts the receiving process.” – Jim Rohn
Being able to walk away is tremendous leverage. In any negotiation, you must always be willing to walk away. However, before getting into a situation where this is a possibility, you have to ask yourself a few questions:
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...
A couple days ago, I had an interesting conversation with a business owner who was looking to renegotiate his office lease. He told me he is currently working with a business consultant to help him to do this. I thought, Wow! Hold on, a business consultant?
Recently, I had a very interesting conversation with a business owner who was seeking to renegotiate his office lease. He told me he is working with a business consultant on the renegotiations. I thought; Wow! Hold on, a business consultant?
Welcome to the topic “When to Renew and When to Cancel Your Commercial Lease” Moving your company location can definitely be time-consuming, not to mention costly. This is precisely why many tenants struggle with the decision of canceling their commercial lease or renewing their contracts. There are many factors to consider, and you have to...
When you first begin to develop your business, there are a few key milestones to take into consideration such as hiring more employees and expanding your service offerings. One additional milestone to consider is obtaining your own space. However, determining when it’s time to make the big move can be a difficult decision. We have...
One question I always get has to do with an approaching lease expiration. How much in advance should we start negotiating for a renewal? The answer is that whether you are relocating to a new space or staying where you are, the time frame is the same. The reason is that in order to achieve...
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...
What’s in your lease and what should you be looking for? While TAG is here to help you fully understand the terms, we believe an educated client is a happy client. Here are a few basics items to look for and be aware of: