Insights
Almost everyone has been in a situation where they needed to either break or amend a property lease. In commercial real estate, there are four main reasons a company may have to sublet their space. The first two reasons are fairly obvious and usually have to do with company size and business trajectory; a company...
Bill Himmelstein was featured in an engaging, facilitated conversations on key business topics and introduction of small business Best Practice Tools. An interview with Bill Himmelstein · Learn how he became a great networker- His tips will be enlightening. · How he uses LinkedIn to get introductions to ideal prospects. · How he uses the DISC Tool to adapt his...
Welcome to the topic “Traditional Office Space Vs. Co-Working Space” There are many choices people have these days when it comes to renting commercial spaces. Naturally, most business owners want an office space that’s not only cost-effective but also convenient for their clients and employees. These spaces should also fulfill all organizational requirements in terms...
Real estate negotiating can either be an exciting or stressful process. If you are a broker you must have ice in your veins and know the people you are dealing with. Fortunately, if you are a third party, this allows you to be much more objective and take the emotions out of it. Viewing the...
Welcome to “Tips for Buying and Selling Commercial Real Estate in 2024“ The commercial real estate market in the US is finally coming out of the woods and showing positive trends as was predicted for the second half of 2024. The pandemic’s after-effects are dwindling to some extent, with the commercial real estate market predicted...
A lot of tenants commonly ask, “What is TI and Abatement?” and it’s a good question. Tenants ask because a lot of landlords don’t typically offer it, so it’s unknown what it is. However, it is certainly available in every transaction.
The commercial real estate market, as with all industries, is constantly evolving and shaping itself to stay current with the advancement of new technology available for business owners to gather information. This newfound wealth of public knowledge can be helpful, however attempting to charter these waters alone can prove costly. For a variety of reasons,...
Site Selection magazine has listed Chicago as the best city for corporate investment for the fourth consecutive year. This comes as little surprise with the long list of large corporations that have been moving their headquarters into downtown Chicago. So, what makes this city such an attractive investment for businesses?
Organizing the layout of your new office space is about more than just configuring desks — this complex art is actually an important contributor to your overall company culture and happiness! You’ll need to consider important factors like gathering areas, noise level and relaxation stations. Here are a few key factors to keep in mind...
3 Articles to Read This Weekend Five Mega-trends Shaping Commercial Office Development The developments and offices we plan and construct today are being governed by something I like to call New Office-ism. It’s a design approach that eschews monolithic uses in favor of mixed-use, walkable patterns. New Office-ism incorporates aspects of master planning, urban design...
3 Articles to Read This Weekend Fed Survey: Bank Reports stronger Demand For CRE Loans The Federal Reserve reports that banks reported little change in their standards on commercial and industrial (C&I) loans in the third quarter of 2015. However, banks also indicated that they increased premiums charged on riskier loans for larger firms on...
Here’s this week’s recommended reading: 8 Challenges of Starting a Real Estate Investment Firm Real estate is an entrepreneurial business where almost everyone aspires to do their own deals. That’s part of what makes it so interesting. There are a lot of really smart professionals out there eager to do their own deals, however starting...
Here’s this week’s recommended reading: From Thanks To Action To Impact: Why, Why Not? Guest Post: Gavin Mogan. Uplifting messages light up the blogosphere during Thanksgiving week. I hope my contribution is uplifting, but my purpose is to challenge. Challenge sort of fuels you, the CRE Tech Maverick. Be thankful, +52. Gratitude as a platform....
Here’s this week’s recommended reading: Is CRE Looking at Mobile the Right Way? According to a Twitter poll by QuantumListings, 81% of the agents who responded said they don’t use mobile CRE apps at all. So the thinking is that there’s a big opportunity for developers to create CRE specific mobile apps…. via CREOutsider
“When is the right time to negotiate my lease,” is one of the most common questions when it comes to commercial real estate. The answer is simple: now! A company’s business should fuel its real estate needs, not the other way around. The real estate should support the business.