Insights
Where do you see yourself in five years? No matter how old we get, this question never becomes less annoying. Whether we’re interviewing for a new job or even thinking back to our post college days right before we landed our first job–no one wants to answer this question. Now, where do you see your...
Bill Himmelstein speaks frequently about the importance of negotiation and how to become a successful negotiator. His last seminar honed in on the importance of negotiation when securing your lease. Below are his 10 Tips to a Successful Lease Negotiation.
So you finally found the space you were dreaming of. Now it is time to work out the details beyond the first year’s rent. Each particular aspect of the lease has its own importance and to ensure the security of the great new spot you are locking down, do not just skim over all the...
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.
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...
Choosing where to house a business can be extremely difficult – especially when deciding between the city or the suburbs. There are the obvious factors to take into account; financials, space, client locations, commute and employees. However, there are two lesser-known pulling factors that you need to take into account: Tax credits and split-office locations....
Over the last few years of my career, I’ve been asked all types of questions when it comes to leasing office space. For people interested in leasing property, some questions I commonly hear are things like: How far in advance should I be looking for a new space? What are the benefits of starting early?...
Renting commercial property is a major move. The good news is that you can avoid many common worries in the first place, when you do a line-by-line review of the lease. Sure, reading a commercial lease can be difficult and time-consuming, but the consequences of not reading it can be infinitely more unpleasant.
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...
Here’s a quick look at how you can boost your real estate dollars in just 3 easy steps.
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.
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...
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.
Relocating and choosing a new office space is a lot of work, no matter the size of your company. However, it also provides an exciting opportunity to start fresh in a new space. Carefully consider the following points to ensure you get the most out of your move.
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...
The coronavirus pandemic is affecting every aspect of our daily life. For many, renegotiating your lease may be something that needs to happen sooner rather than later. Now more than ever a skilled broker can help you negotiate the most favorable terms. Check out our top ten negotiation tips here.
A common question these days is “Will landlords give some relief in the form of free rent?” In general, landlords are willing to give some relief in the near term, but there may be some stipulations. TAG CEO Bill Himmelstein offers his insights.
When is the right time to sign that next lease and start looking for office space? If you’re ok signing up for a sublease you might have a lot of opportunities coming up. TAG CEO Bill Himmelstein offers his insight here.
How much is the market going to go down and how much rental reductions are we going to see? TAG CEO Bill Himmelstein advises keeping an eye on climbing vacancy rates and dropping rental rates, which may result in great opportunities for tenants in this coming market.
Building culture is hard with a remote-based workforce. To have a top business, you need to have a top culture – this is why TAG CEO Bill Himmelstein suggests a phased-in approach for recommitting to your office space.
Are you wondering if you can get out of your current lease or perhaps pay a lower amount? According to TAG CEO Bill Himmelstein, landlords have been showing a willingness to accommodate tenant needs right now if you can be open, honest and communicate effectively.
Are you wondering when is good time to get into the market and find space? TAG CEO Bill Himmelstein advises to be patient and wait it out.
As vacancy rates continue to rise and rental rates fall, it presents an opportune moment for tenants to take advantage of the current market.
TAG CEO Bill Himmelstein discusses the state of the CRE market and dispels some current myths, particularly around office space.
The current COVID-19 pandemic has greatly affected the commercial real estate market. Bill Himmelstein, founder and CEO of TAG, discusses some of the current market statistics and puts them into context.
Commercial real estate is typically a company’s second or third largest expense to payroll and materials. Yet, never in the twenty years that I have been a commercial real estate broker has space been on the mind of almost every single business owner and CEO. In the last 7 months, I have seen corporate leaders...
TENANT ADVISORY GROUP Bill Himmelstein | Founder CEO & Managing Broker With more than twenty years of experience, Bill has completed over $1B in CRE transactions in his career and was named by Crain’s as Chicago’s Top Commercial Real Estate Broker. COMMERCIAL REAL ESTATE IN THE COVID ERA The Importance of Office Space ● Ideas...
Bill Himmelstein, Founder of TAG, discusses what his commercial real estate clients are looking for and how this has been impacted by current events such as COVID and the election.
Fireside Chicago features Founder of Tenant Advisory Group (TAG) Bill Himmelstein. Bill shares how TAG leverages their relationships to get in front of the right people and shares his tips for connecting with others. A special thank you to Tim Schumm of Lucas James Talent Partners!
Fireside Chicago features Founder of Tenant Advisory Group (TAG) Bill Himmelstein. Bill discusses the difference between the values of TAG and many other larger firms. A special thank you to Tim Schumm of Lucas James Talent Partners!
Fireside Chicago features Founder of Tenant Advisory Group (TAG) Bill Himmelstein. Bill discusses how TAG works with those with similar values and interests. A special thank you to Tim Schumm of Lucas James Talent Partners!
Minority Business Resources Webinar: Chicago MSDC and Chicago MBDA Business Center invited William Himmelstein to present what tenants can do about commercial leases during COVID-19. He discusses how to take advantage of current market conditions: the do’s and don’ts of approaching your landlord, obtaining free rent, restructuring a lease, terminating a lease, and what other...
In this webinar, industry leaders discuss their tips and suggestions for working with more challenging individuals. Bill Himmelstein, Founder of TAG, shares how he works with clients, landlords, and other people in the CRE business with more difficult personalities.
In this webinar, various professionals discuss what is happening in their current market. Bill Himmlestein, Founder of TAG, discusses commercial real estate facts and figures in Chicagoland, which can be applied to what is happening around the country.
In this webinar, hosted by Propellant Ventures, panelists discuss the future of work and the shift to working remotely. Bill Himmelstein, Founder of TAG, shares how business leaders’ commercial real estate needs have been impacted by this shift.
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...
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...
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...
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...
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...
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 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...
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 “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,...
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...