Insights
Welcome to the topic “What To Expect When Looking for a Medical Space“ As a healthcare professional, choosing the perfect medical space is a fundamental decision. It’s not just about the space itself but also about creating a conducive environment for your patients and your staff. This comprehensive guide will provide insights into what you...
Chicago’s Top Commercial Real Estate Broker, William Himmelstein, shares insights on what to expect when looking for office space in 2021 and offers tips on navigating the commercial real estate landscape. While many businesses continue to extend their work-from-home policies as the pandemic wears on, many owners report plans to return to the office. Some...
Chicago is the third largest city in the United States which means there is a deep pool of potential office spaces to fit just about any business. Prior to beginning the search for new space, many of our clients are interested to know what exactly is involved in the process. Through our experience we’ve assembled...
Recently, the Financial Accounting Standards Board (FASB) updated their standards effectively changing the way companies must list their lease on their balance sheet. This will undoubtedly have rippling effects on businesses, and the leasing process as a whole. The update has the potential to alter the landscape of the commercial real estate lease.
The best way to navigate the tricky landscape of a lease is to stay current on all the common phrases, clauses and definitions. You may have a general understanding of the terms, but it takes a professional to really navigate the ins and outs. Here are a few of the most common points you may...
Before signing a lease, you want to make sure you are happy with the terms for the entire lease duration. To do this, you must understand the internal pieces of a lease so you can negotiate favorable terms with the landlord.
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:
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...
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...
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...
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...
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 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...
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:
“Giving starts the receiving process.” – Jim Rohn
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...
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 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...