Insights
When moving to a new office space, there is quite a bit to consider to ensure the process goes smoothly. One area that often gets overlooked is transition timing and lease overlap. However, this is a key point to be aware of, as a disruption or delay in the build out process can mean operating...
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...
Due to an influx in technology, Chicago is awash with small to midsize businesses trying to make their mark on the city. These companies may have great reputations in their home cities, but doing business in Chicago is its own beast. The key to setting yourself apart as a business owner in Chi-Town is to...
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...
Welcome to the topic “How To Find A Coworking Space“ There’s a reason that the concept of shared office space is gaining so much traction. Indeed, people invest a great deal of time and effort to ensure that they find a coworking space well suited to their needs. Basically, coworking space is an increasingly popular...
Coworking spaces can be the perfect solution for a variety of working scenarios — from a solo entrepreneur just starting out to an executive from a large corporation seeking a change in scenery. Much like the businesses they serve, no two coworking spaces are the same. In fact, there are many aspects to consider when...
The rapid growth of a startup causes changes to come quickly, which makes it challenging to find an office space that will grow with the business. When beginning the search, consider the projected growth, business plan and the needs of the company to find the best suitable space.
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...
Startups, by nature, are always changing, and the last thing a budding business needs is to constantly search for and move into new spaces. As a company grows in both size and revenue, the physical office space will need to provide the flexibility to house the necessary changes (e.g. additional computer stations, conference rooms, etc.)....
Networking is key for any sustainable and growing business. There is tremendous value in it and we know it works. Networking, to be clear, is not just going to an event or getting someone’s business card after an interesting conversation. It’s following up, having a one-on-one meeting, and diving deeper into how you can help someone...
In most negotiations, it is rare for someone to get what they want without having asked for it first. If a tenant asks for a particular term or concession during a lease negotiation, the tenant will undoubtedly gain more than they started with. Even if the tenant does not acquire exactly what they desired, often a...
Want to get your employees back to the office in 2022? Working in a dedicated office space has numerous benefits to the longevity and health of a business to include more productivity, more collaboration, more employee allegiance, faster learning curve, and more social enjoyment just to list a few. In this video, Bill Himmelstein shares...
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...
Even with the changing landscape surrounding the new coronavirus disease (COVID-19), businesses still need to move. If you are in the middle of a corporate move, there are effective ways to continue your office space search while remaining healthy and safe. Here are some tips for those who are working with commercial real estate brokers...
Up-and-coming areas can be a scary concept for some business owners. One day you’re paying low rent in a semi-popular part of town, then a few years pass and the area is booming, people and other businesses are flocking over and rent is skyrocketing. However, you don’t have to pay a fortune in rent or...
Networking is vital for any sustainable and growing business. Here are a few key tips to follow to maximize your networking success.
An organization’s greatest asset is its people, and success is often defined by the team’s ability to work together to yield great results. This new collaborative mentality has manifested itself in a complete overhaul of office design. Fortune 500 companies have invested in unique spaces featuring everything from coffee bars to tiki bars.
When leasing a new office space, it’s easy to look at properties that already exist, but there is an entire market of new or partially built developments that have potential to be amazing office space, if you plan accordingly. In order to navigate leasing in a new development, follow our steps for success.
Relocating an entire office is a daunting task, and business owners rarely have the time to allocate to the process. Thankfully, there are professionals available to guide businesses through the transition, effectively reducing stress and increasing the efficiency of the move. The secret is planning and knowing what to expect, which will greatly increase the...
Welcome to “How to Re-Negotiate Great Terms for Commercial Real Estate”. One of the best opportunities to lower expenses and improve margins in your business is when you are renegotiating your commercial lease terms. Renegotiating terms can be tricky if you are uninformed and unprepared. However, with a knowledgeable and experienced broker on your side,...