If your company is looking for bargain office space and doesn’t need to be located on Main Street nor have a “corporate look”, I suggest looking at office spaces within warehouse or flex space buildings. Often, these properties are located within industrial parks, which, while not right on Main Street, tend to be convenient to [...]
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I’ve noticed lately that when clients ask me to find rental spaces for them “at the lowest rental rates”, I keep going back to Schaumburg properties. Even though counties like DuPage offer lower taxes per square foot, which gives the impression that overall rents would be lower, it just isn’t the case.
Last year when [...]
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As you probably know, office rent is one of your largest business expenses. If your lease is expiring within a year, you may have the option to renegotiate and potentially reduce your rent expense as well as add upgrades or concessions to your lease that you did not previously have.
The commercial real estate market is [...]
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As a commercial real estate agent, much of my work is focused on networking. Networking has allowed me the opportunity to introduce myself to a variety of people as well as become more recognized in the community. As an additional way to work together with all the wonderful people we network with and utilize an [...]
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If you can provide one great phrase of advice for business owners who have a lease expiring within a year, it is this: don’t procrastinate!
Your lease is extremely important in that it is often the second largest business expense for your company. If you can reduce the cost of that expense or at least get [...]
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By Thomas A. Corfman
(Crain’s) — In a race to the bottom, Chicago office buildings will continue to lose value over the next year, but other major cities are expected to fare worse, according to a recent investor survey.
Investors predicts Chicago-area office buildings will lose on average 4.39% of their value over the next 12 months, [...]
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Did you know rent is one of your biggest business expenses?
Rent is often one of your biggest business expenses. The tough economy has been trying for most of us, and your company may be looking for ways to help alleviate the impact of reduced business. You may have an opportunity to do so in a [...]
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Ridge Property Trust and Champion Realty Advisors LLC are planning an 18-million-square-foot industrial park in the suburbs about 40 miles southwest of Chicago. Ridge has spent the past three years assembling various parcels totaling 1,500 acres from more than 10 land owners. To be known as the RidgePort Logistics Center, the park is expected to [...]
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EXPERTS SAY STIMULUS PACKAGE WILL BENEFIT COMMERCIAL RE
Lawrence White, professor of economics at New York University, says: “I think the stimulus bill will have a positive effect on the economy, and a positive effect on the economy is going to have a positive effect on commercial real restate.” Job growth is a key [...]
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Honestly, not so good. Out of 57 markets surveyed by Real Capital Analytics, Chicago ranked 40th.
First came residential decline…and now commercial. We began seeing a fall in commercial real estate sales and an increase in vacancies toward the end of 2007, only to continue through 2008 and the beginning of 2009. When will it steady? [...]
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