Insights
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.
The business landscape is competitive. The line between ethical and unethical can often become blurred. There is a big discrepancy and ultimately a determining factor in reputation, of how one sees the difference between the two. With the rate new businesses and competitors are emerging, there is a rising concern from established companies that they...
Almost everyone has been in a situation where they needed to either break or amend a property lease. In commercial real estate, there are four main reasons a company may have to sublet their space. The first two reasons are fairly obvious and usually have to do with company size and business trajectory; a company...
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....
Building a career in the real estate industry can be frustrating and even intimidating for newcomers. Sadly, the failure rate for new agents is pretty significant. For anyone who’ trying to make a name for themselves, being diligent and avoiding these common beginner mishaps should help your chances of succeeding in this business:
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...
When you’re pursuing your dream of buying a commercial building or leasing office space, it’s easy to get caught up in the one thing you really want to avoid: drama. From loosely inspected properties to ambiguous leases, the journey can be anything but simple. As you move into your next real estate venture, keep these...
Episode 1: Investing in Multi-Family Real Estate
You have a shiny new license in hand and are ready to conquer the real estate landscape! The median age in real estate is now 57 years old, which may cause young agents to have a difficult time getting clients or referrals – or being taken seriously by peers. Whether you’re a recent graduate or...
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...
3 Articles to Read This Weekend Fed Survey: Bank Reports stronger Demand For CRE Loans The Federal Reserve reports that banks reported little change in their standards on commercial and industrial (C&I) loans in the third quarter of 2015. However, banks also indicated that they increased premiums charged on riskier loans for larger firms on...
Here’s a quick look at how you can boost your real estate dollars in just 3 easy steps.
Here’s this week’s recommended reading: Is CRE Looking at Mobile the Right Way? According to a Twitter poll by QuantumListings, 81% of the agents who responded said they don’t use mobile CRE apps at all. So the thinking is that there’s a big opportunity for developers to create CRE specific mobile apps…. via CREOutsider
What are the top 5 critical traits of any successful agent?
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...
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...
There are never enough hours in the day when you’re a small business owner. Try adding relocating your business to your list, and you’ll really have your head spinning. While important, finding a new office is a daunting task and can soak up drastic amounts of time. Thankfully, there are Chicago Commercial Real Estate professionals...
Real estate is a complex industry with many different disciplines. The innate structure of the industry demonstrates just how quickly it can become complicated. Even within the commercial space there is a tremendous difference between industrial, retail, and office specialties. The types of properties, client use and lease terms will vary greatly depending on the...
Chicago is the third largest city in the United States which means there is a deep pool of potential office spaces to fit just about any business. Prior to beginning the search for new space, many of our clients are interested to know what exactly is involved in the process. Through our experience we’ve assembled...
We are proud to announce our newest partnership with Dan Porcaro of PSM Partners. This exclusive partnership enables us to offer you premium phone and data brokerages services, as well as cloud services. Through this new affiliation, TAG will be able to provide even more services and solutions to help grow your business. Click here...
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,...
Negotiating a deal for an office space, home or retail space is a delicate art that takes thoughtfulness, precision and a clear idea of what you want. Walking away from a deal is not only the best leverage to get everything on your list of asks, but can also be necessary if the deal is...
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...
Every month, Tenant Advisory Group hosts an Executives Bruncheon to provide an opportunity for Chicago business leaders to build new, meaningful connections and discuss topics relevant to running a business. During July’s Executives Bruncheon, attendees were prompted with one question: “What is one challenge you are facing in your business?” Here are a few of...
Every month, Tenant Advisory Group hosts an Executives Networking Event to provide an opportunity for Chicago business leaders to build new, meaningful connections and discuss topics relevant to running a business. During July’s Executives Luncheon, attendees were prompted with one question: “How do you build your company’s culture?” Here are a few of the lessons...
Every month, Tenant Advisory Group hosts an Executives Bruncheon to provide an opportunity for Chicago business leaders to build new, meaningful connections and discuss topics relevant to running a business. During August’s Executives Bruncheon, attendees were prompted with the questions: “What are your best business development techniques and what is the best advice you’ve ever...
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 August’s Executives Luncheon, attendees were prompted with the question: “How do you attract and retain top talent?” Here are a few of the lessons...
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 November’s Executives Luncheon, attendees were prompted with the question: “What’s the biggest mistake you’ve made and how did you overcome it?” Here are a few...
Thank you so much for supporting our business. It’s this support that allows us the opportunity to give back to the worthy causes below. Check them out to see all of the amazing work they do, and if you’re able to, consider donating or even volunteering. A little help goes a long way! American Heart...
Every month, Tenant Advisory Group hosts an Executives Event to provide an opportunity for Chicago business leaders to build new, meaningful connections and discuss topics relevant to running a business. During December’s Executives Bruncheon, attendees were prompted with the question: “What trends are you seeing in your industry?” Here are a few of the lessons...
Every month, Tenant Advisory Group hosts an Executives Event to provide an opportunity for Chicago business leaders to build new, meaningful connections and discuss topics relevant to running a business. During January’s Executives Luncheon, attendees were prompted with the question: “How do you get it all done? What advice or tips do you have for...
Every month, Tenant Advisory Group hosts an Executives Event to provide an opportunity for Chicago business leaders to build new, meaningful connections and discuss topics relevant to running a business. During February’s Executives Luncheon, attendees were prompted with the question: “How does your firm find new opportunities?” Here are a few of the lessons shared...
Networking is vital for any sustainable and growing business. Here are a few key tips to follow to maximize your networking success.
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...
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...
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 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...
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 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...
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 “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 “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,...
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...
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: 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...
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...
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...
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.
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 “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...