Insights

We also want to acknowledge the relentless efforts of our team. Your passion and dedication are the driving forces behind our success. Lastly, we extend our sincere gratitude to the Illinois Real Estate Journal for this recognition. Your commitment to acknowledging excellence in the field of real estate is truly commendable. This nomination has not...

Welcome to the topic “Best Practices for Negotiations in Commercial Real Estate“ Navigating the complex world of commercial real estate requires exceptional negotiation skills. Whether you’re a buyer, a seller, or a broker, understanding the nuances of negotiation can make all the difference in closing deals and obtaining favorable terms.  In this comprehensive guide, we’ll...

Welcome to the topic “Why You Need a Real Estate Attorney for Lease Negotiations“ The importance of hiring the right attorney cannot be overstated when engaging in lease negotiations. Just as you wouldn’t trust a cardiologist to perform brain surgery, you shouldn’t rely on a general counsel to navigate the intricate world of real estate...

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...

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...

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...

Welcome to the topic “The ROI Of Leasing Traditional Office Space” There are many valid reasons for why businesses began to reconsider their need for traditional office space over the last few years. The American workforce has had a major shift in perspective regarding work-life balance; the state of working underwent a complete transformation in...

Welcome to the topic “Traditional Office Space Vs. Co-Working Space” There are many choices people have these days when it comes to renting commercial spaces. Naturally, most business owners want an office space that’s not only cost-effective but also convenient for their clients and employees. These spaces should also fulfill all organizational requirements in terms...

On this episode of the Work Inspired podcast, Bill Himmelstein, the Founder & CEO at Tenant Advisory Group, LLC talks to host, George Lucas Pfeiffer, about the new and exciting innovations that the commercial real estate market is seeing and developing. He also speaks on what organizations can do to bring employees into the workplace and to...

The Illinois Real Estate Journal Awards hosted over 600 CRE professionals from across Chicagoland for an evening of networking and celebration. One hundred seventy-five finalists were recognized this past year, and 52 awards were given. We are humbled and honored by our nomination and sincerely congratulate all finalists that were awarded. We could not have...

Welcome to the topic “What Is Office Tenant Representation And Why Do You Need It” Finding a desirable and suitable office space can be an incredibly tough feat. For one thing, you often have limited choices that will work with your size, location and budget. There are also so many additional factors to consider. Then,...

Welcome to the topic “What To Expect During The Tenant Representation Process“ Many people can be skeptical of using tenant representation in their lease transaction, mainly because they don’t know the benefits. It’s surprising how so many are still unaware of how a tenant representative broker can assist in making their leasing transaction easier, smoother,...

Bill Himmelstein: Givers Gain Philosophy of Networking In this episode, Steve Fretzin and Bill Himmelstein discuss: Key Takeaways: “What givers gain means is finding people that you believe can support you back and give to them.” — Bill Himmelstein

Interested in starting your own entrepreneurial journey but unsure what to expect? Then read up on our interview with Bill Himmelstein, founder, and CEO of Tenant Advisory Group, located in Chicago, IL, USA. What’s your business, and who are your customers? We are a commercial real estate brokerage firm focusing on representing the transactional needs of businesses...

Welcome to the topic “Upfitting Commercial Space To Fit Company Brand“ No business can thrive unless its employees are happy and satisfied to be a part of the company. This is primarily why every good business leader gives utmost importance to their team. However, with the pandemic, people have become more inclined to work remotely....

Welcome to the topic “2023 Commercial Real Estate Outlook“ A lot happened in 2022, which is bound to show its impact on the 2023 commercial real estate outlook. The spiking interest rates, along with inflation, are predominantly to be blamed. One cannot forget about the Ukraine war, either. Of course, there are also the repercussions...

Want the latest cre market update? In this video, Bill Himmelstein of Tenant Advisory Group gives an overall outlook on the state of the commercial real estate market for 2023. Find out what you need to know before getting your next commercial space.

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 “Tenant Advisory 101 – What Your Tenant Representative Should Do For You“ Looking for a commercial space can be quite a tough feat. More often than not, people are unable to figure out where to even begin. There’s so much to think about, including the budget, location, features, amenities and so...

Want the latest cre market update? In this video, Bill Himmelstein gives a market update on the industrial, retail, and office commercial property sectors and the opportunities available for business owners and those active in the sectors.

Welcome to “Tenant Advisory: What Is Commercial Tenant Representation?” It’s pretty common for businesses to relocate. Perhaps they are expanding, or maybe their requirements have changed, or it could also be that they intend to target a new market. Whatever the reason is, everyone will agree that finding a suitable office for your business is...

Welcome to “CRE Opportunities: Turning Warehouses Into Data Centers” The pandemic hit every industry out there pretty severely and commercial real estate was no exception. In fact, this sector had to bear long-lasting damages as the extended lockdown forced a lot of businesses to shut operations. Many tenants had to close permanently. Although the world...

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...

Topic: How to Get Wealthy Slowly Bill Himmelstein was featured on the Straight Up Chicago Investor Podcast! Listen to Bill speak with Mark Ainley and Tom Shallcross about long-term investing and how real estate is not a “get rich quick” but rather a “get wealthy slowly” investment. Bill starts by talking about his start in...

Topic: Commercial Real Estate and The Markets Grab your coffee and Buckle up this Thursday when Mike Morawski and Bill Himmelstein talk about commercial real estate and how to gain the edge in a changing market. Bill Himmelstein is featured on this episode of Thursday Morning Live with Mike Morawski. Listen to Bill discuss the...

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...

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,...

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...

Welcome to the Topic “Strategies on Getting Employees Back to the Office” Employees were forced to leave the office and enter their houses more than two years ago due to COVID-19. And though most offices have already reopened, not everyone is as eager to go back. As more companies are embracing their employees back into...

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...

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...

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...

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...

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...

Loop Sublease Space – 227 W Monroe St, Suite 650 7,963 square feet Available Immediately Asking Rate: Negotiable LXP – 02/28/22 Click HERE for virtual tour!

  New To Market – Loop Sublease Space – 35 W Wacker, Suite 800 11,054 square feet Available April 2021 LXP – 02/28/27 Mostly open floor plan Fully furnished Beautiful river views CLICK HERE FOR VIRTUAL TOUR

  For Sale – Office Building / Medical Facility – 1 S Virginia St/Route 14, Crystal Lake, IL  Property Highlights Building Size: 4,500 sq. ft. Lot Size: +/- 26,000 sq. ft. Parking Spaces: 14 on site/4 on adjacent property Zoned: Office Parcel No.: 19-06226028 Taxes (2018): $17,256 Asking Price: $800,000 Built: 2004 Move-in ready – fully equipped...

  Coworking & Office Space Available – Prime Loop Location  – 9 W Washington 16,000 square feet Available for direct lease at $26.25/sf MG Coworking space for 3-40+ people Several options & configurations possible

  Coworking & Office Space Available – Prime River North Location  – 444 N Wabash 10,000 square feet 5,000 sf direct lease available $25.50/sf MG 2-60 person coworking spaces available Several options & configurations possible

  Prime Retail Space Available  – 25-27 E Illinois 5,000 Square Feet Area Tenants: HUB 51, RPM Steakhouse, Shaw’s Crabhouse, Hotel Palomar, Star of Siam, Ruth’s Chris Steakhouse, Public House, LYFE Kitchen

  QSR w/Drive-Thru Opportunity  – Immediate Occupancy/New Construction 2,045 Square Feet 737 Square Feet Shared Restrooms 7-Eleven Convenience Store Mobil Gas Station 11601 West Touhy Ave, Building 840

  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

When searching for the most suitable office for your company, it’s important to consider the building class type. While the class type is often overlooked by tenants, it is actually an important factor to determine and compare one building’s price to another. Office buildings are classified into three categories (A, B and C). The class...

When searching for the most suitable office for your company, it’s important to consider the building class type. While the class type is often overlooked by tenants, it is actually an important factor to determine and compare one building’s price to another.

  Newly built-out spec suite available for sublease 30 N LaSalle, Suite 2630 3,915 SF Asking $34/SF Lease expiration 12/30/23 Available 30 days from sublease execution

We just wanted to take a moment to thank everyone who was able to attend our yacht outing! The weather held up and a great time was had by all. As mentioned when we first got on board, the purpose of these events is for the best people in my network to meet one another...

We’ve had our eyes on the Southwest Loop for quite some time. We already mentioned this booming corner of the loop in our Up-And-Coming Chicago Neighborhood Guide, but with the extent of recent activity, we decided this part of the loop deserved its own dedicated post. Here’s what you can expect to see in the...

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...

Every month, Tenant Advisory Group hosts 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 June’s Executives Luncheon, attendees were prompted with one question: “What employee-management issues have you struggled with in the past year and how did you...

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.

Investing in commercial real estate is a great way to diversify your portfolio as well as make some extra money. Unlike stocks and bonds, commercial real estate is a hard asset that provides income via rent collection and, in most long term cases, an appreciation of value. The best way to begin investing in commercial...

When negotiating a new lease or lease renewal for commercial office space, many business owners and operators believe they can use a trusted family lawyer, IP, tax, corporate or other non-real estate attorney to help mediate terms. While it may be tempting to choose a lawyer you’re familiar with over an expert in real estate,...

Here's a unique opportunity to sublease suite 134 (11,046 SF) in a Class B building at 2055 W. Army Trail Road in Addison, IL. The sublease is available now through September, 30 2022. The building is located at the corner of two high-traffic roads, I-355 and Army Trail Road, and it features an office space, warehouse and a showroom with plenty of storage and an onsite management team.

Crain’s Chicago Business released its inaugural edition of The Most Influential Commercial Real Estate Brokers in Chicago, and our own Bill Himmelstein has been included in this list!

The red hot downtown Chicago commercial real estate market remains a popular destination in 2017 with more top corporations seeking spaces in the city. With a shift in how companies structure themselves internally, the growth of importance on office culture is a driving force behind the downtown exodus. The momentous surge of incoming corporations will...

Commercial leasing agreements commonly extend up to 10 years – or  longer – making negotiations key to long-term savings for your business. One of the greatest opportunities to reduce your monthly cost is rent abatement, or free rent. As you begin the discussion with a lessor, it is important to understand what rent abatement is...

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.

5 Reasons a Good Commercial Real Estate Broker Adds Tremendous Value Choosing the right office space is one of the most important steps a small business owner can take, which is why it’s crucial to have an expert commercial real estate (CRE) broker with local ties to guide you through the process. Not only will...

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.

It’s common knowledge in this business that most real estate agents will fail to succeed in their first year. After struggling to get by with little business, most would-be agents decide to move on. Aside from things like working harder than anyone else or making it a point to learn daily, there are a few...

Here are the 7 mistakes to avoid making when you’re a commercial real estate broker.

“Giving starts the receiving process.” – Jim Rohn

The commercial real estate market is on the upswing and deal activity is soaring! Today, there are hundreds of thousands of investment properties for sale or lease. Unfortunately, a large number of those properties are represented by folks who are inexperienced, or worse, lazy. Whether you’re looking to sell or make a purchase, or to...

As brokers, we’ve seen it all: The good, the bad and the ugly. From hidden fees to poorly constructed buildings, many of these “headaches” can easily be avoided – as long as you know what to look for. If you’re planning a commercial lease or purchase, it’s important to know what you are getting into. When you begin going on-site to...

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 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 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 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. This is why we’re launching an all-new series with MeetAdvisors.com – “Commercial Real Estate: What I Know Now...

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.”

All businessmen and women know that a baseline of trust between parties is critical to the success of any negotiation. But within the course of business dealings, how do you build that trust? What active steps can you take to raise the chances of a positive outcome for both sides? Instead of simply hoping that...

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...

Comrade Web Agency was seeking a loft space in River West. TAG located a great space and then negotiated a tremendously favorable deal. TAG was able to drop their rate 22% from the original asking, and added 32% additional tenant improvement allowance from the initial offer. Likewise, free rent increase by 50% over the initial...

The City of Chicago is experiencing a dramatic change in the availability of commercial real estate. The landscape is in flux due to the improving U.S. economy. Real estate typically lags the economy which leads to a very intriguing cycle of office space availability. Because of the interconnected nature of all of these issues, many...

When searching for the most suitable office for your company, it’s important to consider the building class type. While the class type is often overlooked by tenants, it is actually an important factor to determine and compare one building’s price to another.

If you land on the right space for your business, you have to move fast. There are more buyers and tenants than sellers and spaces in today’s market.

In commercial real estate building class is an important factor to consider when determining which sort of office will be most suitable for your company. While one building may seem comparable to another, upon closer analysis, frequently they will be quite different.