Insights
Welcome to the topic “How Do Interest Rates Affect the CRE Market?“ The commercial real estate (CRE) market has undergone a massive transformation due to the drastic surge in interest rates. While the Federal Reserve is projected to cut rates somewhat in the near future, the higher rate environment and geopolitical issues continue to influence...
Prior to beginning the search for new space, many of our clients are interested in understanding what exactly is involved in the process. Below is an outline of the key steps involved in finding new space for your business. 1. A tenant representative broker assembles a market survey of options that fit the Client’s criteria...
Social media and virtual advertising is an almost mandatory facet for businesses today. Small businesses differ slightly in that they heavily rely on their stock customers: regulars if you will. While small business continues to ease itself into the cyber sphere, word-of-mouth marketing remains a prominent factor in success and maintenance. Instead of going door-to-door,...
Owner & Founder of Tenant Advisory Group, Bill Himmelstein was named Crain’s Chicago Business Notable Leader in CRE!
In a time where the commercial real estate industry is as fast-paced and as dynamic as ever, having helpful insight and advice about what’s important and what’s working (or not) can help anyone learn as they go. We’ve launched an all-new series with MeetAdvisors.com – “Commercial Real Estate: What I Know Now and Wish I...
In this episode, Steve Fretzin and Bill Himmelstein discuss: Becoming a partner, not a vendor with your networking partners. Leading through giving. Building your social capital and filling the well. The three keys to finding a great networking partner. Key Takeaways: The greatest question you can ask someone is, “how can I help you?” Ask...
Every month, Tenant Advisory Group hosts an Executives Breakfast and 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 the Executives Luncheon, attendees were prompted with the question, “What are some of your best practices for finding new clients?”...
The commercial real estate industry is much smaller than you would think. Networking events and LinkedIn allow for everyone to know everyone else – or at the very least, have mutual acquaintances. Because of this, it is imperative to promote while protecting your image when dealing with colleagues, clients, or your competition. Failure to do...
Networking is vital for any sustainable and growing business. Here are a few key tips to follow to maximize your networking success.
Long term leases, if done properly are made with options to be broken. Whether the landlord is looking to get the current tenant out in order to charge more to a new tenant or more likely, the tenant is looking to get out to find the right sized space, there are many times in commercial...
Topic: Networking and Event Hosting to Explode Your Real Estate Business Bill Himmelstein, founder and CEO of Tenant Advisory Group, speaks with Freedom Chasers Podcast hosts Tim Winfrey Jr and Matthew Cavanaugh about the keys to networking and how to maximize networking to grow your business. // KEY QUOTES “What can I do best to...
The September Executives Breakfast and Luncheon inspired a number of great discussions and offered Chicago business leaders the opportunity to broaden their networks. At the Executives Breakfast, attendees discussed “creating work-life balance and how to manage work-from-home employees.” Here are some of the many responses:
A common question these days is “Will landlords give some relief in the form of free rent?” In general, landlords are willing to give some relief in the near term, but there may be some stipulations. TAG CEO Bill Himmelstein offers his insights.
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 February’s Executives Luncheon, attendees were prompted with the question: “How does your firm find new opportunities?” Here are a few of the lessons shared...
When is the right time to negotiate your lease? NOW!
Description: Prime corner building in the heart of River North! Less than 2 blocks from the blue, brown, green, pink and orange line trains. Perfect retail and office spaces available. Click below for full details. 33 W Grand Retail Space 33 W Grand Office Space
At the 2017 Chicago TechWeek, Bill Himmelstein was a moderator for the Building Company Equity panel at the TechWeek Chicago Launch Startup Showcase.
Most commercial leases typically run between 5- 10 years. In good leases, there are provisions to the rental agreement allowing a tenant to extend the length of the lease. A general rule of thumb: Instead of immediately exercising your renewal option, try to negotiate each renewal term instead. However, if you come to a standstill,...
TAG CEO Bill Himmelstein discusses the state of the CRE market and dispels some current myths, particularly around office space.
As many companies begin to phase in reopening and prepare to send their employees back to the office, there are some definite changes you can expect to see in terms of layout and design. Here are some of our top things to think about as you prepare to re-enter the workforce. Density Crowded open floor...