Office / Medical Office / Retail / Showroom for Lease – 467 West Erie Street, Chicago, IL
New West Loop Listing For Sale – 452 N Sangamon St
Listing Price: $2,350,000
TAG CEO Bill Himmelstein discusses the state of the CRE market and dispels some current myths, particularly around office space.
As vacancy rates continue to rise and rental rates fall, it presents an opportune moment for tenants to take advantage of the current market.
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.
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.
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.
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.