Insights
Businesses today are expanding faster than ever. As a business owner, the realization that you soon won’t have the space to store your products or even have any place to put your employees, (like this company just experienced), is terrifying. Operating in a space that perfectly fit your needs five years ago could now be...
Throughout 2014 there have been many examples of a drastic escalation in the valuation of land within the confines of the City of Chicago. Since much of this land is being developed for the purpose of condominiums and apartments, developers may find it more attractive to shift their focus to surrounding neighborhoods. These value oriented...
Business News Daily asked Bill Himmelstein about the effectiveness of office designs for small companies. While many small business owners assume that open offices are the top choice for all workers today, it may cause issues in some organizations.
The decision to rent or buy a home is one in which most people approach with significant care. It’s no different when evaluating whether to buy or lease with regards to commercial property.
If you find yourself in a commercial space that no longer fits the needs of your business, and you think there’s just too much or too little time on your lease to make any changes, consider this… Your lease, or the building you own, is not a fixed liability. Much like your business, there are...
Preparing for an office move? Herein we include a list of items that you need to make sure to tackle prior to your relocation. 1. Prepare an inventory of everything to be moved. 2. Have movers come out to premises and do a walk through to determine relocation costs. Develop a basic idea of the...
Welcome to the topic “Chicago Commercial Real Estate Trends 2024“ Preparing your business to take advantage of the changing commercial real estate (CRE) market can position your company to leverage the best market opportunities and deals. Chicago’s CRE landscape is drastically shifting due to a mix of economic, demographic, and technological factors. The traditional Central...
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.
Welcome to the topic “Chicago Office Space Trends – How to Design Your Office for Returning Employees” Many businesses have developed creative solutions to keep workplace safety a major priority while preserving corporate culture, ensuring high levels of productivity and efficiency, and encouraging a much-needed sense of employee well-being. As you begin to welcome your...
The South Loop real estate market has been exploding in the last couple years, but what is the next neighborhood to experience a boom? Perhaps the answer isn’t just one, but several. As businesses keep shifting their focus to downtown, neighborhoods surrounding the popular Loop, will boom: River West, River North, Goose Island, New City,...
Bowtruss Coffee, Portillo’s Hot Dogs, even Bernie Sanders. Between businesses and notable politicians, it seems as if everyone is flocking to Chicago’s South Loop neighborhood and setting up shop.
Glamorous downtown Chicago is bustling with the impressive influx of top corporations moving into downtown. However, apartment buildings are beginning to feel the effects of over-saturation and landlords are having a tough time renting their downtown spaces. With more buildings coming online in 2017, the increase in supply should cause rents to deflate as vacancy...
The South Loop, River West and West Loop each have taken their turn as being Chicago’s “it” neighborhood. Now it’s time to turn our eyes towards the Clybourn Corridor, the thin strip of land on the western edge of Lincoln Park between Clybourn Ave. and the Chicago River. This area already serves as a main...
Selecting the perfect location for your office is no easy task. It is vital to consider factors that will satisfy clients as well as employees. Keep in mind these important elements when searching for your new office location.
Chicago’s commercial real estate market favors sellers, presenting high demand and low supply in the downtown area. This means the window to moving into your dream office may be closing faster than you think. If you find that perfect property for your business, be prepared to act fast and close the deal with the property...
Welcome to the topic “Commercial Broker Challenge – Top Things To Look For In A Great CRE Broker“ Commercial real estate dealings can be quite overwhelming. On the one hand, you want to ensure that you get the best possible site for your business. But at the same time, you are worried about the terms...
Welcome to the Topic “Commercial Real Estate and Company Culture” Developing a culture where real estate professionals feel at ease, inspired, and able to succeed is one of the most critical elements of this industry. The mission, goals, and even the actual work environment can all be considered part of a company’s culture. Real estate...
Did you find the perfect office space and are ready to sign a lease or make a purchase? Are you trying to move your property quickly? If you’re involved in any leasing/purchasing real estate process it’s likely you’ve come across the term “dual representation.”
Welcome to the topic “Commercial Real Estate Trends in Chicago” The commercial real estate market is ever-changing, and the properties that yield the best results for owners, tenants and investors are those that adapt to trends as they emerge. Keeping tabs on current conditions and anticipating future needs is key to staying ahead of the...