Insights
From founding a company to raising money to launching a new product. Each stage of an entrepreneur’s journey is crucial – and certainly at every stage of growth. It’s not always talked about but short of what you pay your employees, office space is often a startup’s largest fixed expense. Finding the right office space...
Welcome to the topic “Industrial Real Estate Property Chicago: A Booming Sector“ The Windy City, known for its rich history, iconic skyline, and diverse economy, is also emerging as a focal point in the thriving sector of industrial real estate. As businesses adapt to changing consumer demands and supply chain dynamics, the demand for industrial...
Every month, Tenant Advisory Group hosts an Executives Event to provide an opportunity for Chicago business leaders to build new, meaningful connections and discuss topics relevant to running a business. During December’s Executives Bruncheon, attendees were prompted with the question: “What trends are you seeing in your industry?” Here are a few of the lessons...
When building your office floor plan, it’s always better to have more room than not enough space. Packing people into an office lowers employee satisfaction and can lead to a counterproductive work environment, which may negate any money you save in rent. By offering your staff more free-space and a comfortable office, not only will...
To our friends and colleagues in the Chicagoland community, Together we are facing a truly unprecedented situation. The coronavirus pandemic is affecting every aspect of our daily life and we recognize the tremendous uncertainty regarding the ultimate impact that this crisis will have on our public health and economy. First and foremost, the health and...
From the seasoned lease or contract negotiator to the first timer, it is vital to have a strong set of ideals behind all negotiations. The more confidence in and acumen with these skills that one has, the higher opportunity for coming away with a positive outcome.
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.
Over the last few years of my career, I’ve been asked all types of questions when it comes to leasing office space. For people interested in leasing property, some questions I commonly hear are things like: How far in advance should I be looking for a new space? What are the benefits of starting early?...
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...
At Tenant Advisory Group, negotiations are a part of everyday life. Last week, we gave 5 tips for successful negotiators. We have 5 more tips for a successful negotiation. Tips 6 through 10 focus on understanding the other side of the negotiation process.
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.
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...
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.
The latest movement in office design is uniting the benefits of both the open floor plans and private offices. Emagispace reached out to Bill Himmelstein for advice on how to balance the two designs to create a space that promotes independent and collaborative productivity.
If you land on the right space for your business, you have to move fast. There are more buyers and tenants than sellers and spaces in today’s market.
Here are the 7 mistakes to avoid making when you’re a commercial real estate broker.
Last week TAG had the privilege of attending the Office Max Roundtable event for business owners. Senior Vice President Steve Sunderland and Executive Vice President Kim Feil facilitated the panel discussion of what it’s like to run a business and how a large corporation such as theirs could connect with us. From there we were...
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...