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 [...]
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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 [...]
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New Development in the Last Five Years in Schaumburg: The Village of Schaumburg has approved over 128 development and redevelopment projects in the last five years. Of these new developments since 2003, Schaumburg has approved: – 138 Single Family Homes and 321 Multiple Family Homes (8 developments) – 171,124 sq. ft. of Office (6 [...]
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A glimpse and what’s happening with rental rates: No doubt that most, if not all of us are feeling the repercussions of a falling economy. Residential real estate was the first to feel the effect…and now commercial real estate. While sales are slow and auctions are on the rise for high-debt and foreclosed properties, there [...]
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A few things to keep in mind about your lease: Do you know your current office space rental rate vs. the current market? -In other words, are you sure you’re not paying too much in rent? Do you know when your lease expires or the date of your option notification deadline? -It may be sooner [...]
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