Is Now A Good Time To Buy Real Estate? Current market conditions put great doubt in the minds of many business owners as to how to handle office space requirements. Is leasing a better solution? Is purchasing a property realistic? Many factors can affect the decision and outcome of purchasing property in a down economy. There [...]
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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 [...]
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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 [...]
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