Insights

The news that matters to you
  
Sort Descending
  • Preparing for an office move? Herein we include a list of items that you need to make sure to tackle prior to your relocation. Prepare an inventory of everything to be moved. Have movers come out to premises and do a walk through to determine relocation costs. Develop a basic idea of the scope of...

  • 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...

  • Jan 19, 2021

    Future of Work: The Impact of Digital Transformation

    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.

  • Dec 21, 2020

    Pro Business Leaders Roundtable: Commercial Real Estate

    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.

  • Dec 17, 2020

    Dealing With Difficult People

    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.

  • 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...

  • Nov 18, 2020

    Fireside Chicago Chat #3

    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!

  • Nov 18, 2020

    Fireside Chicago Chat #2

    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!

  • Nov 18, 2020

    Fireside Chicago Chat #1

    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!

  • 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.

  • Nov 04, 2020

    Future Of Office Space

    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...

  • Oct 27, 2020

    CRE in the COVID Era

    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...

  • 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.

  • bottom up view of Chicago buildings with the title,
    Sep 04, 2020

    CRE Market Update – Market Myths

    TAG CEO Bill Himmelstein discusses the state of the CRE market and dispels some current myths, particularly around office space.

  • bottom up view of Chicago buildings with the title,
    Aug 26, 2020

    CRE Market Update

    As vacancy rates continue to rise and rental rates fall, it presents an opportune moment for tenants to take advantage of the current market.

  • bottom up view of Chicago buildings with the title,
    Jun 17, 2020

    CRE Market Update – Market Changes

    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.

  • bottom up view of Chicago buildings with the title,
    May 26, 2020

    CRE Market Update – Office Space

    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.

  • bottom up view of Chicago buildings with the title,
    May 19, 2020

    CRE Market Update – Rental Rates

    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.

  • bottom up view of Chicago buildings with the title,
    May 13, 2020

    CRE Market Update – Subleasing

     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.

  • bottom up view of Chicago buildings with the title,
    May 08, 2020

    CRE Market Update – Rent Relief

    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.

  • 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.

  • 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...

  • 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.

  • A simplified artistic representation of the Chicago skyline
    Nov 16, 2016

    What's in a Lease? Part 2.

    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.

  • A simplified artistic representation of the Chicago skyline
    Nov 03, 2016

    What’s in a Lease? Part 1.

    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...

  • 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.

  • Here’s a quick look at how you can boost your real estate dollars in just 3 easy steps.

  • 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...

  • 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.

  • 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?...

  • 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....

  • A man hands keys over to client signing a lease
    Jan 28, 2015

    How to Break a Lease the Right Way

    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...

  • A simplified artistic representation of the Chicago skyline
    Sep 24, 2014

    Really Fast Estate

    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.

  • A simplified artistic representation of the Chicago skyline
    Jul 15, 2014

    Top FAQs: #1

  • 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...

  • 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.

  • 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...