Insights
Welcome to the Topic “The Massive Effect of E-commerce on Industrial Real Estate (Warehouse and Distribution centers)” Industrial warehouses and distribution centers have evolved substantially due to the boom in e-commerce and the growing inventory needs of e-commerce powerhouses like Amazon. Traditionally, warehouses and distribution centers were built-in storage chambers for giant store-front retail corporations. ...
Welcome to the Topic “How Remote and Hybrid Work from Home is impacting Commercial Real Estate In 2020, the whole world was at a standstill. Almost overnight, office workers all around the country (and world) transitioned from going to the office every day to remotely working from home. Now, over two years later, the after...
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...
Need to know the latest trends in the CRE market? In this video, Bill Himmelstein shares the latest real estate data in the Chicagoland market, including the boom of the industrial real estate market and the opportunity available in the commercial office space sector.
Welcome to the Topic “Commercial Retail Properties and the Effects of E-commerce” Since its start in 1991, e-commerce has grown exponentially. Currently, online sales account for nearly 14% of total retail sales in the United States, which Deloitte estimates will more than double by 2030. Perhaps even more significant is that e-commerce sales now account...
Bill Himmelstein, Founder, CEO & Managing Broker of TAG, was featured in the publication – BACK OF HOUSE, an online resource providing insights and services that help restaurants win. In this article, Bill discusses the best strategies for negotiating ands re-negogiating favorable lease terms for commercial restaurant spaces. The best part about using the strategies...
On March 2nd, BILL HIMMELSTEIN of Tenant Advisory Group, along with GARY BREDEN of Insperity and Venture X Chicago – Oak Brook co-hosted a high level networking event at the co-working space of Venture X in Oak Brook. This incredible networking event was for Chicago’s highest producing business owners and C-suite executives. We were honored...
Need to know the latest trends in the CRE market? In this video, Bill Himmelstein shares the latest real estate data in the Chicagoland market, including what many office tenants and buyers are doing and saying regarding getting back to the office and why it’s so important for their corporate culture and employee retention.
Need to know the latest trends in the Chicago Real Estate market? In this video, Bill Himmelstein shares the latest real estate data in the Chicagoland market. The January CRE update gives you the most current insights on what the market is doing and the implications it has on future real estate transactions in the area.
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...
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...
Networking is vital for any sustainable and growing business. Here are a few key tips to follow to maximize your networking success.
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...
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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 it comes to a landlord’s consideration in negotiating real estate terms with prospective tenants, does size matter? In theory, yes. A larger company that takes up more space in a building has more leverage over the landlord because they represent a larger share of the building’s cash flow and profit. They also provide the...
When considering hiring a specialist to help you navigate the real estate goals of your business, it’s important to understand the difference between what you get when you turn to a business consultant versus a real estate broker. The word consultant can easily be misleading and tricky. Consulting is the right motive, but a real...
