Tom Koelzer

Oak Brook Office Space: Market Profile

Oak Brook Office Space

Located in DuPage county about 20 miles west of downtown Chicago, this beautiful suburb makes the ideal location for companies looking for a mix of business incentives and after work quality of life.

Business Environment

Oakbrook provides business owners office properties set amongst the highly desirable east-west I-88 corridor. Your company will benefit from low taxes and operational costs, a skilled and productive workforce, and fast access to both Midway and O’Hare airports. The Oak Brook Office market encompasses over seven million square feet of class A, B and C office space in over 100 commercial office buildings. Additionally, the market has over one million square feet of industrial and flex rental options in fifteen commercial buildings.

Your Corporate Neighbors

Thinking about moving your company’s offices to Oak Brook? You’re in good company. Prominent national and international businesses calling Oakbrook home include McDonald’s Corporation, Ace Hardware, Blistex, Lions Club International, Papermate, and Federal Signal Corporation.

Residential Profile

If you’re looking for a true live-work community, Oak Brook is for you. Property owners here are not charged property tax, but still have access to excellent police protection and medical services. The city has a population of approximately 8,700 full time residents, has a median household income of $169,000 and a median home value of approximately $635,000.

Recreation & Entertainment

After work’s done, it’s time to play, and Oak Brook offers abundant opportunities for recreation of all kinds. If you’re looking for a place to host your next business event, The Oak Brook Sports Core has 269-acres of meticulously groomed fields and green spaces that can accommodate groups of any size. The Sports Core also boasts a clubhouse that can accommodate up to 300 guests.

During time off, you’ll enjoy fast access to a polo field, library, forest preserve with more than 23,000 acres of preserved forest lands, and the Oakbrook Park District, complete with a family recreation center, aquatic center, and racquet club.

Shopping & Dining

Oakbrook is home to the Oakbrook Center, the areas #1 shopping destination as rated by Illinois shoppers. And from its location at the intersection of Interstates 88, 294, and 290, the excitement of downtown Chicago is just a quick drive away.

More Information

Want more information on Oak Brook office space? We have up to the minute data on rents, vacancy rates, and available spaces. Contact us today for your free market survey.

Schaumburg Office Space

by Tom Koelzer Uncategorized

Overview

Located in the northeastern part of Illinois, Schaumburg offers business owners the opportunity for growth and prosperity due to the large amount of potential clients in the area. Residential and commercial premises lie within the boundaries of Schaumburg and there is a little bit of everything within the village borders.

Business Atmosphere

Within close proximity to both O’Hare International Airport and the bustling city of Chicago, Schaumburg offers plenty of opportunities to business owners large and small. Metra provides access for employees and clients to get to and from the business with ease. Travelers can also use the highways and roadways, which are quite driver-friendly, to get around town.

Other Businesses within Schaumburg

Two of the big corporation names in Schaumburg include Motorola and IKEA. The Woodfield Mall is another prominent feature within Schaumburg, as it is the second largest mall in America. For those who want to get in touch with their historical entertainment side, the restaurant and entertainment venue Medieval Times is located within Schaumburg as well. Other small businesses, restaurants and shops fill the village of Schaumburg, offering various options to Schaumburg residents and those who reside in surrounding areas.

About the Residents

For companies which are considering renting office space in Schaumburg, there is certain to be plenty of business to go around. With the population hovering approximately above 75,000, opportunities for business are certainly available for those who choose to lease or buy office space in the village of Schaumburg. The median income for families within Schaumburg comes in around $85,000, per a 2008 estimate.

Things to Do

When you lease or purchase commercial office space in Schaumburg, your employees are certain to love the area as well since there is plenty to do. Whether it is watching the minor league baseball team play at Alexian Field or doing some shopping at the Woodfield Mall, the entertainment aspects of Schaumburg will not only draw people in to the village but keep them there as well.

Dining and Shopping Options in Schaumburg

You won’t have to worry about what to do on your lunch break when you lease office space in Schaumburg as there are plenty of dining options in the area. Some of the popular choices include Outback Steakhouse, Pizzeria Uno, P.F. Chang’s, Rainforest Café and more. If shopping is what you are in the mood for, head over to Woodfield Mall for a variety of stores or visit IKEA for all of your furnishing needs.

Tenant Advisors, Inc: Helping Tenants and Buyers Find Office Space

Tenant Advisors, Inc. is the best choice for business owners who are seeking out commercial real estate to lease or buy. Schaumburg has plenty of options in the way of commercial office space for rent and we can guide you every step of the way so that you and your company find the best office rental space available.

We will fully identify your business needs so that the commercial office space you choose is the ideal choice. Our licensed and professional real estate agents will show you the properties available for lease and purchase throughout Schaumburg and highlight the pros and cons of each locale.

It is important to have a tenant representative to help you find the perfect office space to rent or buy. Our reliable staff will walk you through the process, help you to understand the lease or purchase agreements and get you settled into your new commercial office space perfectly.

Contact us today by filling out our form and we will get back to you within 24 hours. With our FREE service, you can be well on your way to obtaining the commercial office space rental or purchase you have been searching for all along.

Rolling Meadows Office Space

by Tom Koelzer Uncategorized

Overview

Rolling Meadows, Illinois offers a suburban location in an area which is not too far from reach of the big city of Chicago. Rolling Meadows is filled with friendly neighbors, lucrative business opportunities and entertainment galore. Whether one is searching for a place to live or a setting for opening up business in the form of a commercial office lease, Rolling Meadows is an ideal choice.

Business Atmosphere

Rolling Meadows is the perfect place to set up shop and lease office space for various reasons. It is close to O’Hare International Airport, for one, which allows business travelers to easily arrive and reach your office in no time. Secondly, it is close enough to the city to draw in business clientele from Chicago and allow them to get to your business with ease. Also, Rolling Meadows has an eclectic array of businesses in town which means that you will be in good company when you open your business office doors in Rolling Meadows.

Other Businesses in Rolling Meadows

There are both large corporations and small, privately-owned companies in Rolling Meadows. The top employer in town, Northrop Grumman, has over 2,000 employees while other businesses, although with smaller numbers still play an integral part in the business arena of Rolling Meadows. If you lease an office in Rolling Meadows you may have your offices located next to Riverside Publishing or Walmart, to name just two of the many business operations going on in Rolling Meadows.

About the Residents

In the 2000 census, 24,607 people called Rolling Meadows home. The median household income in the city was $59,535 and comprised of families and singles alike. Those who live in Rolling Meadows appreciate the closeness to Chicago while being able to live in a suburban atmosphere.

Things to Do

Rolling Meadows offers plenty for all to do while living, visiting or working in the area. Dining, shopping and a wide array of outdoor activities are yours for the taking in Rolling Meadows. Whether you have a family, are a married couple or single individual, you will ultimately find something fun and entertaining to do in Rolling Meadows.

Dining and Shopping Options in Rolling Meadows

Whether you are in the mood for Chinese food, Mexican food, Italian cuisine or American fare, Rolling Meadows will have the answer. With a number of great restaurants in town, you can choose a different cuisine every night if you like. Shopping options come in many different varieties as well. Walmart is located in town for those who like one-stop shopping as well as a number of small boutiques for those who prefer more unique item choices.

Tenant Advisors, Inc.: Helping Business Owners Find Office Space to Rent

Tenant Advisors, Inc. has the answer for business owners who are eager to find some office space to rent. With the FREE assistance of our professional real estate agents, you can quickly and efficiently locate the office space lease which will suit your business perfectly.

We know that in order to work as efficiently as you possibly can, you simply must have the most ideal office space possible. You need to have enough room for all of your staff as well as an optimal location so that clients can reach your office with ease. Our staff will work with you and figure out exactly what you need in the way of premier office space to rent.

Commercial office lease options await you. Fill out the short form and we will get back to you right away so that the search may begin for office space rental.

Commercial Office Space: When To Start Negotiating Your Renewal

by Tom Koelzer Uncategorized

Very few commercial tenants will start off their initial search for an office space lease already thinking about when and how they will renew the property once their lease term expires. However, this renewal option is extremely important as it safeguards the tenant, especially if they are comfortable in their office space and don’t want to have to move out once their lease term expires. As a commercial office tenant, you want to know about renewal options in the very beginning, even before you sign an initial lease. The following will highlight the important factors which one should know about the renewal option of a commercial office building lease.

What Does A Commercial Office Lease Renewal Option Do?

A renewal option in a commercial office lease is a clause which details whether the tenant is able to renew the current lease and what terms apply to such a renewal of the lease. The renewal clause will dictate when the renewal option must take place and what the tenant must do to put such a renewal of the lease in effect. In addition, the renewal option clause will list all of the other fine details to renewing one’s lease, all of which the tenant must follow in order to properly initiate the renewal option of the commercial office space lease.

When Do You Need To Start Negotiating The Terms Of The Renewal Option?

Although the renewal option will not be put into force until a certain time as stated in the initial lease, it is imperative that the office space tenant have such a clause put into the initial lease prior to signing it. This way there is no doubt as to the issues involving renewal of the initial lease and accompanying lease terms. When the lease is being drafted is when the tenant and landlord should discuss the terms involving lease renewal and renewal options.

What Should The Renewal Option Clause Include To Protect You As The Commercial Tenant?

In order to be properly protected as an office space tenant, the renewal option in the initial lease should include a few distinct features. This clause should state the time in which a tenant must give notice in order to properly renew their lease, the lease renewal length and the rate of the commercial rental. By having all of these factors in writing, the office space tenant can rest easy knowing that should they choose to do so, they will be able to renew their current commercial office space lease when the time comes.

The presence of the renewal option in a commercial office lease is extremely important. It protects the commercial office space client from having to move out when their lease term expires if they don’t want to and provides them with peace of mind knowing that they will be able to continue working in their current location for a specified period of time beyond the initial term of the lease. Therefore, having this renewal option and negotiating the terms of it prior to signing the primary lease is a must.

Leasing Office Space: Understanding the Common Area Factor

by Tom Koelzer Uncategorized

When business owners find office space to rent, they may run into a difficult time understanding the common area factor and how it pertains to rentable vs. usable square feet. This can be confusing at first but once you get a handle on how these two measuring qualities relate and dictate the results, you will find that renting the right size office space to be an easily achievable goal.

What Is The Common Area Factor?

Many people have heard of the common area in a commercial building. It is the area of the commercial space which is shared with other commercial tenants in the office building. There are two common area factors, the floor common area factor and the building common area factor. The floor common area factor refers to the single floor only where the business tenant leases commercial office space while the building common area factor relates to those common areas which all tenants in the commercial office building have access to and are able to use. The total common area factor which you are given by the office space landlord for information prior to leasing the office space is the sum of both of these common areas.

Understanding Rentable Vs. Usable Square Feet

It is important to understand the difference between rentable and usable square feet prior to renting office space. Rentable square feet is the amount of square footage which you pay rent for. This includes all areas of the interior building space which you pay for such as the office area, restroom, closets, etc. Your commercial office space rent will be the rentable square footage multiplied by the square footage lease rate.

As for usable square feet, this calculation relates to the amount of space you put to use. This will also include the doors and structural walls as well. If you share restrooms with other tenants, you will have to pay a portion of the price for those facilities in addition to any other common areas.

Ensuring That Your Square Footage Calculations Are Accurate

The aspects of common area factor, rentable square feet and usable square feet can be a bit confusing, even when provided with the general overview of such concepts. The best way to ensure that you have a good grasp on these concepts and that you know exactly what you are renting and what you are ultimately paying for, having a tenant representative by your side is essential.

The tenant representative will explain these factors in great detail for you and help you to negotiate with your landlord to ensure that you are getting exactly what you are paying for. These concepts can be even trickier if you lease more than one floor of an office building and need to know what you are paying for and whether or not your commercial office space budget will allow for such rentals.

Many get the hang of the common area factor, usable square footage and rental square footage after leasing office space a few times. However, having a tenant representative along to help will definitely make the leasing process much simpler for most office space tenants.