Insights
Minority Business Resources Webinar: Chicago MSDC and Chicago MBDA Business Center invited William Himmelstein to present what tenants can do about commercial leases during COVID-19. He discusses how to take advantage of current market conditions: the do’s and don’ts of approaching your landlord, obtaining free rent, restructuring a lease, terminating a lease, and what other...
https://www.youtube.com/watch?v=EqBo3zTs7m4
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 “Reshaping Chicago’s Commercial Real Estate – Core Spaces Strategic Office Expansion“ Downtown Chicago’s office vacancy rate is at a current high of 25.8% and has created ripple effects in Chicago across various sectors. Whether business owners are looking into the impact it has had on residential property taxes or value depreciation...
Welcome to the topic “Industrial Boom Slows with Vacancy Rates on the Rise“ In 2022 and 2023, the U.S. industrial boom took the nation by storm, with over 1.5 billion square feet of new industrial construction projects starting across the country. This big increase in industrial inventory led to a higher national vacancy rate, going...
Bill Himmelstein, Founder of TAG, discusses what his commercial real estate clients are looking for and how this has been impacted by current events such as COVID and the election.
Chicago is home to a variety of diverse neighborhoods. Finding the perfect location for your business can be difficult. Below are 4 of our favorite neighborhoods that range in everything from style to price.
With success comes growth and with growth comes a need for more employees and space for those employees to work. While it can be challenging to know just how fast your company may grow, an estimate is necessary for you to understand your needs and for you to have an adequate amount of space to...
Welcome to the topic “How To Find The Right Office For A Fast-Growing Startup“ Office space for startups plays a crucial role in the success and growth of these companies. With the rise of the startup culture, the demand for suitable offices for fast-growing startups that cater to the unique needs of these businesses has...
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...
QSR w/Drive-Thru Opportunity – Immediate Occupancy/New Construction 2,045 Square Feet 737 Square Feet Shared Restrooms 7-Eleven Convenience Store Mobil Gas Station 11601 West Touhy Ave, Building 840
Commercial leasing agreements commonly extend up to 10 years – or longer – making negotiations key to long-term savings for your business. One of the greatest opportunities to reduce your monthly cost is rent abatement, or free rent. As you begin the discussion with a lessor, it is important to understand what rent abatement is...
Relocating your company to a new office space is an exciting time, full of endless possibilities. Such a large undertaking will of course create stress, but proper planning in advance will save you and your business time, money and hassle.
Negotiating the terms of a commercial real estate lease is difficult, as it is fraught with jargon, clauses and paperwork, and even the slightest misstep can have dire consequences for a business’s bottom line. Hiring the right real estate broker and attorney team to handle this delicate process is the best way to guarantee the...
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...
In this webinar, industry leaders discuss their tips and suggestions for working with more challenging individuals. Bill Himmelstein, Founder of TAG, shares how he works with clients, landlords, and other people in the CRE business with more difficult personalities.
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 May’s Executives Bruncheon, attendees were prompted with two questions: “What is the best thing that’s happened to you in the last few weeks both...
In this video Bill Himmelstein, delves into the latest developments and shifts in the office market. Also watch – National Industrial Market Overview
Welcome to the topic “How To Create A Chicago Center of Influence“ When it comes to building a strong network and establishing yourself as a credible figure in your industry, creating a Chicago center of influence can be highly beneficial. A center of influence refers to a person or group with significant influence and connections...