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		<title>Chicago Office Tenant Representation Firms: 2026 Guide</title>
		<link>https://tenantadvisors.com/chicago-office-tenant-representation-firms/</link>
		
		<dc:creator><![CDATA[Tom Koelzer]]></dc:creator>
		<pubDate>Mon, 17 Aug 2026 20:27:21 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://tenantadvisors.com/?p=6977</guid>

					<description><![CDATA[<p>Updated August 2026 — TenantAdvisors.com Quick Answer Chicago companies looking for office tenant representation can choose between tenant- and occupier-focused advisory firms and full-service commercial real estate firms that represent both tenants and property owners. Tenant- and occupier-focused options include Tenant Advisors, Savills and Cresa. Full-service firms with significant tenant representation capabilities include CBRE, JLL, [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/chicago-office-tenant-representation-firms/">Chicago Office Tenant Representation Firms: 2026 Guide</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Updated August 2026 — TenantAdvisors.com</p>
<h1><strong>Quick Answer</strong></h1>
<p>Chicago companies looking for office tenant representation can choose between <strong>tenant- and occupier-focused advisory firms</strong> and <strong>full-service commercial real estate firms that represent both tenants and property owners</strong>.</p>
<p>Tenant- and occupier-focused options include <strong>Tenant Advisors, Savills and Cresa</strong>. Full-service firms with significant tenant representation capabilities include <strong>CBRE, JLL, Cushman &amp; Wakefield, Colliers, Bradford Allen and Stream Realty Partners</strong>, along with locally focused firms such as <strong>Chicagoland Commercial Real Estate</strong>.</p>
<p>The firms below are <strong>not ranked</strong>. They are grouped by representation model because understanding who a brokerage firm represents is an important consideration when selecting an office tenant advisor.</p>
<h1><strong>Chicago Office Tenant Representation Firms at a Glance</strong></h1>
<h2><strong>Tenant- and Occupier-Focused Firms</strong></h2>
<table width="624">
<thead>
<tr>
<td width="133"><strong>Firm</strong></td>
<td width="200"><strong>Representation Model</strong></td>
<td width="93"><strong>Reach</strong></td>
<td width="197"><strong>May Be a Good Fit For</strong></td>
</tr>
</thead>
<tbody>
<tr>
<td width="133"><strong>Tenant Advisors</strong></td>
<td width="200"><strong>100% office tenant representation; does not represent office landlords</strong></td>
<td width="93"><strong>Chicago &amp; suburbs</strong></td>
<td width="197"><strong>Companies seeking Chicago office specialization, no office-landlord representation and direct senior-broker involvement</strong></td>
</tr>
<tr>
<td width="133"><strong>Savills</strong></td>
<td width="200">Occupier-focused advisory</td>
<td width="93">Global</td>
<td width="197">Companies seeking occupier advisory services with national and international capabilities</td>
</tr>
<tr>
<td width="133"><strong>Cresa</strong></td>
<td width="200">Occupier-focused advisory</td>
<td width="93">Global</td>
<td width="197">Companies seeking occupier representation combined with broader corporate real estate services</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<h2><strong>Full-Service and Other Firms Providing Tenant Representation</strong></h2>
<table width="624">
<thead>
<tr>
<td width="133"><strong>Firm</strong></td>
<td width="200"><strong>Representation Model</strong></td>
<td width="93"><strong>Reach</strong></td>
<td width="197"><strong>May Be a Good Fit For</strong></td>
</tr>
</thead>
<tbody>
<tr>
<td width="133"><strong>Bradford Allen</strong></td>
<td width="200">Represents tenants and landlords</td>
<td width="93">Chicago &amp; U.S.</td>
<td width="197">Companies seeking an established Chicago commercial real estate platform</td>
</tr>
<tr>
<td width="133"><strong>CBRE</strong></td>
<td width="200">Serves occupiers and property owners</td>
<td width="93">Global</td>
<td width="197">Large companies and organizations with complex or multi-market requirements</td>
</tr>
<tr>
<td width="133"><strong>Chicagoland Commercial Real Estate</strong></td>
<td width="200">Commercial real estate brokerage</td>
<td width="93">Chicago &amp; suburbs</td>
<td width="197">Companies seeking a locally focused Chicago-area brokerage firm</td>
</tr>
<tr>
<td width="133"><strong>Colliers</strong></td>
<td width="200">Serves occupiers and property owners</td>
<td width="93">Global</td>
<td width="197">Companies seeking tenant representation supported by a global real estate platform</td>
</tr>
<tr>
<td width="133"><strong>Cushman &amp; Wakefield</strong></td>
<td width="200">Serves occupiers and property owners</td>
<td width="93">Global</td>
<td width="197">Large organizations with complex or multi-market requirements</td>
</tr>
<tr>
<td width="133"><strong>JLL</strong></td>
<td width="200">Serves occupiers and property owners</td>
<td width="93">Global</td>
<td width="197">Corporate occupiers requiring national or international capabilities</td>
</tr>
<tr>
<td width="133"><strong>Stream Realty Partners</strong></td>
<td width="200">Serves occupiers and property owners</td>
<td width="93">National</td>
<td width="197">Companies seeking tenant representation through a national full-service platform</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<h1><strong>What Is Office Tenant Representation?</strong></h1>
<p>Office tenant representation is a specialized commercial real estate service in which a broker advises a company that leases office space.</p>
<p>A tenant representative can help a company:</p>
<ul>
<li>Determine how much office space it needs</li>
<li>Decide whether to renew or relocate</li>
<li>Identify and compare available buildings</li>
<li>Analyze competing lease proposals</li>
<li>Negotiate rental rates</li>
<li>Negotiate free rent</li>
<li>Negotiate tenant improvement allowances</li>
<li>Evaluate expansion and contraction rights</li>
<li>Compare the financial impact of renewing versus relocating</li>
<li>Create negotiating leverage with an existing landlord</li>
</ul>
<p>A good tenant representative does more than find available office space.</p>
<p>The objective is to create a competitive process that gives the tenant information, alternatives and leverage before making a long-term real estate commitment.</p>
<h1><strong>Why Does the Brokerage Firm&#8217;s Representation Model Matter?</strong></h1>
<p>One of the most important questions a company can ask a prospective tenant representative is:</p>
<p><strong>“Does your firm represent office landlords?”</strong></p>
<p>There are two primary models in commercial real estate.</p>
<h2><strong>Tenant- and Occupier-Focused Firms</strong></h2>
<p>These firms concentrate their advisory businesses on companies that occupy commercial real estate.</p>
<p>Potential advantages may include:</p>
<ul>
<li>Greater specialization in tenant negotiations</li>
<li>Fewer potential landlord-related conflicts</li>
<li>Greater concentration on lease renewals and relocations</li>
<li>An advisory model centered on the occupant</li>
</ul>
<h2><strong>Full-Service Commercial Real Estate Firms</strong></h2>
<p>Full-service firms provide tenant representation but also provide services to landlords, property owners and investors.</p>
<p>Potential advantages may include:</p>
<ul>
<li>Large research departments</li>
<li>National and international office networks</li>
<li>Sophisticated technology platforms</li>
<li>Workplace consulting</li>
<li>Project management</li>
<li>Facilities management</li>
<li>Portfolio management</li>
<li>Capital markets capabilities</li>
</ul>
<p>Neither model is automatically right for every company.</p>
<p>A multinational corporation managing hundreds of locations may benefit from the infrastructure of a large global real estate organization.</p>
<p>A Chicago company negotiating one office lease may place greater value on local market knowledge, lease-negotiation experience, senior broker involvement and avoiding landlord conflicts.</p>
<h1><strong>Tenant- and Occupier-Focused Chicago Firms</strong></h1>
<h2><strong>Tenant Advisors</strong></h2>
<p><strong>Tenant Advisors is a Chicago-area commercial real estate firm specializing 100% in office tenant representation.</strong></p>
<p>The firm does not represent office landlords.</p>
<p>Since 2004, Tenant Advisors has represented companies throughout Chicago and the surrounding suburbs in:</p>
<ul>
<li>Office lease renewals</li>
<li>Relocations</li>
<li>Expansions</li>
<li>Contractions</li>
<li>Lease restructurings</li>
<li>Office lease negotiations</li>
</ul>
<p>Tenant Advisors concentrates specifically on the Chicago office market rather than attempting to provide every type of commercial real estate service.</p>
<p>The firm&#8217;s model also emphasizes <strong>direct senior-broker involvement</strong>. Experienced brokers remain involved from the initial strategy and market analysis through landlord negotiations and completion of the transaction.</p>
<p><strong>May be a good fit for: </strong>Chicago and suburban companies seeking specialized office tenant representation, direct senior-level involvement and a brokerage firm that does not represent office landlords.</p>
<h2><strong>Savills</strong></h2>
<p>Savills provides occupier advisory and tenant representation services in Chicago as part of an international real estate organization.</p>
<p>Its occupier services can include transaction management, workplace strategy, portfolio services, project management and other corporate real estate capabilities.</p>
<p>Its geographic reach can be particularly useful for companies with offices or requirements in multiple markets.</p>
<p><strong>May be a good fit for: </strong>Organizations seeking an occupier-focused advisory platform with substantial national and international capabilities.</p>
<h2><strong>Cresa</strong></h2>
<p>Cresa is a global commercial real estate advisory firm focused on occupiers.</p>
<p>In addition to tenant representation, its capabilities include workplace strategy, project management, portfolio services and other corporate real estate advisory services.</p>
<p>Its occupier-focused model distinguishes it from traditional full-service brokerage companies that also represent property owners.</p>
<p><strong>May be a good fit for: </strong>Companies seeking occupier representation combined with broader national and international corporate real estate capabilities.</p>
<h1><strong>Other Chicago Firms Providing Tenant Representation</strong></h1>
<h2><strong>Bradford Allen</strong></h2>
<p>Bradford Allen is a Chicago-based commercial real estate company with a presence in both downtown Chicago and the suburbs.</p>
<p>The firm provides tenant representation as well as landlord representation and other commercial real estate services.</p>
<p><strong>May be a good fit for: </strong>Companies seeking an established Chicago brokerage platform with downtown and suburban capabilities.</p>
<h2><strong>CBRE</strong></h2>
<p>CBRE is one of the world&#8217;s largest commercial real estate services companies and maintains a major Chicago presence.</p>
<p>Its occupier platform provides tenant representation along with workplace, project management, facilities and other corporate real estate services.</p>
<p>CBRE also provides extensive services to property owners and investors.</p>
<p><strong>May be a good fit for: </strong>Large organizations with complex, multi-market or international real estate requirements.</p>
<h2><strong>Chicagoland Commercial Real Estate</strong></h2>
<p>Chicagoland Commercial Real Estate is a locally based commercial real estate firm serving Chicago and the surrounding suburbs.</p>
<p>Its local orientation provides an alternative for businesses that prefer working with a Chicago-area brokerage organization rather than a large global platform.</p>
<p><strong>May be a good fit for: </strong>Chicago and suburban companies seeking a locally focused commercial real estate firm.</p>
<h2><strong>Colliers</strong></h2>
<p>Colliers provides tenant representation and occupier services in Chicago as part of a global commercial real estate platform.</p>
<p>Its broader capabilities can support organizations with multiple locations and more complex corporate real estate requirements.</p>
<p>Colliers also provides services to property owners and investors.</p>
<p><strong>May be a good fit for: </strong>Companies seeking tenant representation supported by national and international resources.</p>
<h2><strong>Cushman &amp; Wakefield</strong></h2>
<p>Cushman &amp; Wakefield is a global commercial real estate services company headquartered in Chicago.</p>
<p>Its tenant representation professionals advise companies on lease renewals, relocations, acquisitions, dispositions and portfolio strategy.</p>
<p>The company also provides extensive services to property owners and investors.</p>
<p><strong>May be a good fit for: </strong>Large organizations and companies with complex or multi-market real estate requirements.</p>
<h2><strong>JLL</strong></h2>
<p>JLL is a global commercial real estate company with deep roots in Chicago and a significant occupier-services practice.</p>
<p>Its capabilities include tenant representation, workplace strategy, project management, portfolio services and facilities-related services.</p>
<p>JLL also provides extensive services to landlords, property owners and investors.</p>
<p><strong>May be a good fit for: </strong>Large corporate occupiers and organizations requiring national or international real estate capabilities.</p>
<h2><strong>Stream Realty Partners</strong></h2>
<p>Stream Realty Partners is a national commercial real estate company with a Chicago presence.</p>
<p>The company provides tenant representation along with services for landlords and property owners.</p>
<p>Its national platform provides companies with access to broader commercial real estate capabilities beyond an individual Chicago lease transaction.</p>
<p><strong>May be a good fit for: </strong>Companies seeking tenant representation through a national full-service commercial real estate platform.</p>
<h1><strong>How Should You Choose an Office Tenant Representative?</strong></h1>
<p>The brokerage company&#8217;s name is important, but the <strong>individual brokers handling your assignment may be even more important</strong>.</p>
<p>Before hiring a Chicago office tenant representative, ask:</p>
<ol>
<li><strong>Does your firm represent office landlords?</strong></li>
<li><strong>Do you currently represent our landlord?</strong></li>
<li><strong>Do you represent any buildings we may consider as alternatives?</strong></li>
<li><strong>How long have you personally represented office tenants in Chicago?</strong></li>
<li><strong>What percentage of your business involves office tenant representation?</strong></li>
<li><strong>Who will actually handle our assignment and negotiations?</strong></li>
<li><strong>How many office lease renewals have you negotiated?</strong></li>
<li><strong>How will you create leverage if we would prefer to remain in our current building?</strong></li>
<li><strong>What comparable lease transaction information will you provide?</strong></li>
<li><strong>Can we speak with clients whose situations were similar to ours?</strong></li>
</ol>
<p>The answers can reveal significant differences among brokerage firms.</p>
<h1><strong>Is a Tenant-Focused Firm Better Than a Full-Service Firm?</strong></h1>
<p>It depends on the company.</p>
<p>Large global brokerage companies offer resources that can be extremely valuable to multinational corporations and organizations managing large real estate portfolios.</p>
<p>Smaller specialized firms can offer different advantages, including greater specialization, local market concentration and direct access to senior professionals.</p>
<p>There is another consideration: <strong>conflicts of interest.</strong></p>
<p>A company that considers landlord representation a potential conflict may prefer a firm whose business is focused on tenants or occupiers.</p>
<p>A company that prioritizes global infrastructure and a broad range of integrated real estate services may prefer a large full-service organization.</p>
<p>The right answer depends on the assignment.</p>
<h1><strong>Who Is the Best Office Tenant Representative in Chicago?</strong></h1>
<p>There is no single firm that is best for every Chicago company.</p>
<p>Companies with significant national or international requirements may benefit from the scale of firms such as <strong>CBRE, JLL or Cushman &amp; Wakefield</strong>.</p>
<p>Companies seeking larger occupier-focused platforms may consider <strong>Savills or Cresa</strong>.</p>
<p>Companies with primarily Chicago office requirements may prefer a local specialist.</p>
<p>Rather than simply asking:</p>
<p><strong>“Who is the biggest commercial real estate firm?”</strong></p>
<p>A more useful question is:</p>
<p><strong>“Which broker is best positioned to create leverage and represent our interests in this particular office lease negotiation?”</strong></p>
<p>For many companies, that means evaluating the broker&#8217;s experience, Chicago market knowledge, representation model, potential conflicts and the senior professionals who will actually work on the account.</p>
<h1><strong>About Tenant Advisors</strong></h1>
<p><strong>Tenant Advisors has exclusively represented office tenants since 2004.</strong></p>
<p>The firm represents companies throughout Chicago and the surrounding suburbs in office lease renewals, relocations, expansions, contractions and lease negotiations.</p>
<p>Tenant Advisors is built around three core principles:</p>
<h2><strong>100% Office Tenant Representation</strong></h2>
<p><strong>Tenant Advisors does not represent office landlords. </strong>The firm&#8217;s business is focused exclusively on companies that lease and occupy office space.</p>
<h2><strong>Chicago Office Specialization</strong></h2>
<p>Tenant Advisors concentrates on the Chicago and suburban office markets. That specialization provides clients with market intelligence and negotiating experience developed through representing office tenants in the same markets where they are negotiating.</p>
<h2><strong>Direct Senior-Broker Involvement</strong></h2>
<p>Experienced senior brokers remain directly involved throughout the assignment—from initial strategy and market analysis through negotiations and completion of the transaction.</p>
<h2><strong>Considering an Office Lease Renewal or Relocation?</strong></h2>
<p><strong>The strongest negotiating position is usually created before your landlord believes you have decided to stay.</strong></p>
<p>Companies should begin evaluating their alternatives well before their existing lease expires—even when renewing is ultimately the preferred outcome.</p>
<p><strong>Contact Tom Koelzer or Dave Ven Horst at Tenant Advisors at (847) 778-0296 to discuss your office lease before beginning negotiations with your landlord.</strong></p>
<p><strong>TenantAdvisors.com</strong></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/chicago-office-tenant-representation-firms/">Chicago Office Tenant Representation Firms: 2026 Guide</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
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		<title>Office Space in O&#8217;Hare</title>
		<link>https://tenantadvisors.com/office-space-ohare/</link>
		
		<dc:creator><![CDATA[Tom Koelzer]]></dc:creator>
		<pubDate>Sat, 28 Mar 2026 21:06:53 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[commerical space]]></category>
		<category><![CDATA[office leasing]]></category>
		<category><![CDATA[office rentals]]></category>
		<category><![CDATA[Office space in O'Hare]]></category>
		<guid isPermaLink="false">http://tenantadvisors.com/?p=1956</guid>

					<description><![CDATA[<p>Office space leasing options are prevalent throughout Chicago.&#160; There are so many areas within Chicago which cater to local businesses that it is sometimes difficult for business owners to narrow down the options to choose just one location to open up shop within.&#160; One such area which sees a lot of commercial office leasing options [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/office-space-ohare/">Office Space in O&#8217;Hare</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" class="alignleft wp-image-421 " src="/wp-content/uploads/2012/07/6250-River.png" alt="" width="500" srcset="https://tenantadvisors.com/wp-content/uploads/2012/07/6250-River.png 600w, https://tenantadvisors.com/wp-content/uploads/2012/07/6250-River-300x217.png 300w" sizes="(max-width: 600px) 100vw, 600px" /><br />
Office space leasing options are prevalent throughout Chicago.&nbsp; There are so many areas within Chicago which cater to local businesses that it is sometimes difficult for business owners to narrow down the options to choose just one location to open up shop within.&nbsp; One such area which sees a lot of <a title="commercial office leasing " href="/" target="_self" rel="noopener noreferrer">commercial office leasing </a>options is O’Hare. &nbsp;This area has plenty of businesses, hotels, restaurants and more, especially since the airport is so close.&nbsp; The following will list some insightful information regarding the O’Hare neighborhood and why it is highly sought after by business owners who want to lease office space in O&#8217;Hare.</p>
<p><b>Location Is Ideal</b></p>
<p>Located on the northwest side of Chicago, O’Hare is popular with business owners who want to lease office space as it is on the outer edge of Chicago which means that traffic and parking is not as difficult to deal with as it is in the center of Chicago.&nbsp; Located close to the airport and the major expressways, it is easy to get to <a href="https://tenantadvisors.com/wood-dale-office-space/"  data-wpil-monitor-id="1555">leased office spaces in the OHare area</a>.&nbsp; It is also minutes away from the inner portion of Chicago which means that the downtown area is close by.</p>
<p><b>Plenty of Things to Do </b></p>
<p>Although the O’Hare region has a good showing of industrial and professional businesses within it, there are still things close by if you are looking for something to do away from your leased commercial office space.&nbsp; Take a short trip to the Lincoln Park Zoo, have lunch outdoors or simply take in the unique architecture.&nbsp; OHare is filled with history and more in addition to being a great option for <a href="https://tenantadvisors.com/office-space-chicago-ohare/"  data-wpil-monitor-id="1482">leasing commercial office space</a>.</p>
<p><b>Various Sections within O’Hare Which Cater To Businesses</b></p>
<p>Within the O’Hare area, there are a few different towns/areas, many of which are ideally suited for businesses large and small to lease office space.&nbsp; Some of the towns include Bensenville, Des Plaines, <a href="https://tenantadvisors.com/park-ridge-office-space/"  data-wpil-monitor-id="1455">Rosemont and Park Ridge</a>.&nbsp; <a href="https://tenantadvisors.com/chicago-suburban-markets-perfect-for-office-space-tenants/"  data-wpil-monitor-id="163">Bensenville office space rentals</a> are widely available as is office space for rent in Rosemont.&nbsp; If you are a business owner seeking office space leasing options in Des Plaines or <a href="https://tenantadvisors.com/highland-park-office-space/"  data-wpil-monitor-id="1287">office space for rent in Park Ridge</a>, you too will find options in these OHare area cities.</p>
<p><b>Local Amenities Make the O’Hare Area A Great Place to Work</b></p>
<p>When you lease commercial office space in O’Hare, you are renting an office in a location where there will be plenty of amenities available to both you as a business owner and your employees as well.&nbsp; <a href="https://tenantadvisors.com/arlington-heights-office-space/"  data-wpil-monitor-id="1437">Office space in Bensenville</a>, Rosemont, Park Ridge and Des Plaines is usually close to a wide variety of restaurants and shops, which is perfect for employees to take advantage of during their lunch break.&nbsp; For those office space rental businesses which see a lot of out of town clients, there are also a good amount of hotels in the area, especially due to its close proximity to O’Hare International Airport.</p>
<p><a href="https://tenantadvisors.com/west-loop-office-space/"  data-wpil-monitor-id="1404">Leasing commercial office space</a> in the O’Hare area is simply a great idea.&nbsp; The amenities are plentiful, the access to the commercial office space in this locale is easy and both the business owner which leases commercial office space in O’Hare and the employees who work for the business will enjoy the convenience which this location offers.</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/office-space-ohare/">Office Space in O&#8217;Hare</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
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		<title>12 Leasing Process Moves That Save Tenants Real Money (and Stop Landlord Games)</title>
		<link>https://tenantadvisors.com/12-leasing-process-moves-that-save-tenants-real-money-and-stop-landlord-games/</link>
		
		<dc:creator><![CDATA[Tom Koelzer]]></dc:creator>
		<pubDate>Tue, 02 Dec 2025 13:53:07 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://tenantadvisors.com/?p=4781</guid>

					<description><![CDATA[<p>Most tenants focus on the space and the rent number. The real savings come from running a disciplined leasing process. Landlords price deals based on leverage, timing, and how “stuck” you look. When you look stuck, you pay: higher rent, less free rent, weaker improvement dollars, and more risk pushed onto you. If you’re renewing [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/12-leasing-process-moves-that-save-tenants-real-money-and-stop-landlord-games/">12 Leasing Process Moves That Save Tenants Real Money (and Stop Landlord Games)</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Most tenants focus on the space and the rent number. The real savings come from running a disciplined leasing process.</p>
<p>Landlords price deals based on leverage, timing, and how “stuck” you look. When you look stuck, you pay: higher rent, less free rent, weaker <a href="https://tenantadvisors.com/tenant-improvement-allowance-for-your-new-office-space-lease/"  data-wpil-monitor-id="1462">improvement dollars</a>, and more risk pushed onto you.</p>
<p>If you’re <a href="https://tenantadvisors.com/negotiating-office-space-renewal-options/"  data-wpil-monitor-id="1459">renewing or relocating</a> in 2026, use the 12 moves below to keep control, create competition, and protect your downside.</p>
<p>The 12 leasing process moves that cut cost and reduce risk</p>
<p>Start early enough to have leverage<br />
Begin 12–18 months out. Even if you ultimately stay, time is what makes your alternatives credible. If you wait until the last minute, your landlord knows you’re boxed in and will <a href="https://tenantadvisors.com/office-space-lease-negotiations/"  data-wpil-monitor-id="1457">price you accordingly</a>.</p>
<p>Set the strategy before you tour<br />
<a href="https://tenantadvisors.com/how-to-lease-office-space/"  data-wpil-monitor-id="1461">Define requirements</a>, budget range, and your non-negotiables first. Touring without a plan creates emotional decisions and wasted time. The strategy should tell you what to look for and what to ignore.</p>
<p>Build a credible Plan B fast<br />
Move two to three legitimate alternatives forward in parallel. One real option changes the entire tone with your landlord. If you can’t move, you can’t negotiate.</p>
<p>Control the timeline<br />
Publish deadlines for proposals, shortlist, and decision. The side that controls the clock controls the concessions. A clear timeline also prevents deals from dragging and keeps the market competing.</p>
<p>Qualify buildings before you waste weeks<br />
Ask early about concession expectations, operating expense trends, parking, HVAC hours, and credit/guarantee requirements. If the <a href="https://tenantadvisors.com/which-office-space-to-lease-a-financial-decision/"  data-wpil-monitor-id="1463">economics won’t pencil</a>, move on quickly. Most tenants waste time touring buildings that were never realistic.</p>
<p>Force apples-to-apples proposals<br />
Require a standard format from every option: term, rent schedule, free rent, improvement dollars, annual increases, expenses and any expense caps, parking, and flexibility terms. If you can’t compare it, it’s not real. Standardization is how you prevent games.</p>
<p>Treat the LOI as the real negotiation<br />
Don’t rely on “we’ll fix it in the lease.” You won’t. Lock the economics and key protections in the letter of intent while you still have leverage. Once you’re deep in legal, urgency and momentum start working against you.</p>
<p>Negotiate the package, not just rent<br />
Optimize <a href="https://tenantadvisors.com/office-lease-and-the-financial-components/"  data-wpil-monitor-id="1464">total occupancy cost</a>, not a headline rate. The best deals are built on the full package: rent structure, free rent timing, improvement dollars, landlord work, expense caps, and guarantee/security deposit exposure. Tenants that fixate on rent usually give it back somewhere else.</p>
<p>Align decision-makers early<br />
Finance, operations, and leadership need the same target and authority from the start. Late internal disagreement is how tenants get squeezed. Landlords can sense indecision and will use time pressure to force a bad compromise.</p>
<p>Run a short competitive round at the end<br />
Shortlist two finalists and request best-and-final offers by a specific date. Competition is where the last meaningful value shows up. Without it, you typically leave money and protections on the table.</p>
<p>Keep flexibility for change<br />
Expansion, contraction, and assignment/sublease protections matter more than most tenants think. Your needs will change before the lease ends. If you don’t build flexibility in up front, you’ll pay for it later when you have the least leverage.</p>
<p>Execute like a project<br />
Permits, construction, furniture, and IT drive your real move date. Delays can erase a great deal through lost time and holdover penalties. A lease is only a win if you can execute the move on schedule.</p>
<p>What this looks like in practice: a simple <a href="https://tenantadvisors.com/leasing-office-space-guide-ten-steps/"  data-wpil-monitor-id="1458">24-week process</a></p>
<p>Weeks 1–4: Define the plan, shortlist buildings, and request standardized proposals.<br />
Weeks 5–12: Tours, underwriting, and landlord Q&#038;A to eliminate bad options and narrow to finalists.<br />
Weeks 13–20: LOIs on two finalists, then best-and-final to close the gap and select a winner.<br />
Weeks 21–24: Lease negotiation, build-out planning, and lock the move timeline.</p>
<p>The bottom line<br />
Tenants don’t overpay because they picked the wrong building. They overpay because they ran a weak process. A disciplined process creates leverage, produces apples-to-apples choices, and forces landlords to compete on real economics and real protections.</p>
<p>If your lease expires in 2026, the window to build leverage is now.</p>
<p>If you want a quick gut-check, <a href="https://tenantadvisors.com/services/"  data-wpil-monitor-id="1460">we can review your timing</a>, your leverage, and your realistic alternatives and tell you where the money and risk are hiding.<img fetchpriority="high" decoding="async" src="https://tenantadvisors.com/wp-content/uploads/Northfield-Office-Space.png" alt="Northfield Office Space" width="1200" height="500" class="alignleft size-full wp-image-4219" /></p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/12-leasing-process-moves-that-save-tenants-real-money-and-stop-landlord-games/">12 Leasing Process Moves That Save Tenants Real Money (and Stop Landlord Games)</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
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		<title>The Benefits of Leasing Commercial Real Estate in Itasca – and Why You Need an Exclusive Tenant Rep</title>
		<link>https://tenantadvisors.com/the-benefits-of-leasing-commercial-real-estate-in-itasca-and-why-you-need-an-exclusive-tenant-rep/</link>
		
		<dc:creator><![CDATA[Tom Koelzer]]></dc:creator>
		<pubDate>Wed, 20 Aug 2025 19:05:55 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://tenantadvisors.com/?p=4751</guid>

					<description><![CDATA[<p>For businesses in Itasca and the surrounding suburbs, leasing office space often makes more sense than owning. Here’s why: Why Lease? Lower Upfront Costs – Leasing avoids the heavy down payments that ownership requires. You typically only cover first/last month’s rent and a deposit. Flexibility – Businesses evolve. Leasing lets you expand, downsize, or relocate [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/the-benefits-of-leasing-commercial-real-estate-in-itasca-and-why-you-need-an-exclusive-tenant-rep/">The Benefits of Leasing Commercial Real Estate in Itasca – and Why You Need an Exclusive Tenant Rep</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>For businesses in Itasca and the surrounding suburbs, leasing office space often makes more sense than owning. Here’s why:</p>
<p><strong>Why Lease?</strong></p>
<p>Lower Upfront Costs – Leasing avoids the heavy down payments that ownership requires. You typically only cover first/last month’s rent and a deposit.</p>
<p>Flexibility – Businesses evolve. Leasing lets you expand, downsize, or relocate without being locked into long-term ownership.</p>
<p>Preserve Capital – Keep your money working in your business instead of tied up in real estate.</p>
<p>Tax Benefits – Rent is fully deductible as a business expense.</p>
<p>Less Responsibility – Maintenance, repairs, and capital improvements fall on the landlord, not you.</p>
<p>Better Space Access – Leasing allows you to occupy Class A or well-located space without carrying the cost of buying a building.</p>
<p>Attractive Gross Rents – In Itasca, gross rents for office space generally range from the mid-teens to low-$20s per square foot. That’s often 30–40% lower than comparable space closer to O’Hare or downtown Chicago, giving tenants cost savings without sacrificing access to transportation and amenities.</p>
<p>Why Retain an Exclusive Tenant Rep?</p>
<p>We Only Represent Tenants – Landlords and their brokers work for ownership. <a href="https://tenantadvisors.com/tenant-representation/"  data-wpil-monitor-id="850">An exclusive tenant rep</a> levels the playing field by representing only your interests.</p>
<p>Full Market Coverage – You’ll see every option—direct leases, subleases, and flexible workspaces—not just what landlords want you to see.</p>
<p>Negotiation Power – We know market concessions, sublease discounts, and vacancy leverage in places like Itasca, where competition favors tenants.</p>
<p>Time Savings – One point of contact handles your search, tours, and lease negotiations so you can stay focused on running your business.</p>
<p>No Cost to You – Our fee is typically paid by the landlord, not the tenant.</p>
<p>Flexibility in Your Lease – We fight for expansion rights, early termination options, and sublease provisions—critical protections that many tenants overlook.</p>
<p>In today’s <a href="https://tenantadvisors.com/office-space-in-chicago-northwest-suburbs/"  data-wpil-monitor-id="851">Itasca office market</a>, vacancy is high, gross rents are competitive, and landlords are motivated. That means leverage is on your side—if you have the right advocate in your corner.<img decoding="async" src="https://tenantadvisors.com/wp-content/uploads/download-21.jpg" alt="" width="244" height="207" class="alignleft size-full wp-image-4752" /></p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/the-benefits-of-leasing-commercial-real-estate-in-itasca-and-why-you-need-an-exclusive-tenant-rep/">The Benefits of Leasing Commercial Real Estate in Itasca – and Why You Need an Exclusive Tenant Rep</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
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		<title>2025 Chicago Office Market: The Tenant’s Guide to Slashing Lease Costs</title>
		<link>https://tenantadvisors.com/2025-chicago-office-market-the-tenants-guide-to-slashing-lease-costs/</link>
		
		<dc:creator><![CDATA[Tom Koelzer]]></dc:creator>
		<pubDate>Wed, 20 Aug 2025 15:00:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://tenantadvisors.com/?p=4741</guid>

					<description><![CDATA[<p>2025 Chicago Office Market: The Tenant’s Guide to Slashing Lease Costs2025 Chicago Office Market: The Tenant’s Guide to Slashing Lease CostsChicago tenants have leverage in 2025—but most still give it away. Landlords are desperate to fill space, yet too many companies renew early, pay above-market rent, or skip out on free rent and build-out dollars. [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/2025-chicago-office-market-the-tenants-guide-to-slashing-lease-costs/">2025 Chicago Office Market: The Tenant’s Guide to Slashing Lease Costs</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
]]></description>
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	<h1 data-start="202" data-end="276">2025 Chicago Office Market: The Tenant’s Guide to Slashing Lease Costs</h1>
<h1 data-start="275" data-end="349">2025 Chicago Office Market: The Tenant’s Guide to Slashing Lease Costs</h1>
<p data-start="351" data-end="704"><br data-start="360" data-end="363" />Chicago tenants have leverage in 2025—but most still give it away. Landlords are desperate to fill space, yet too many companies renew early, pay above-market rent, or skip out on <a href='https://tenantadvisors.com/12-leasing-process-moves-that-save-tenants-real-money-and-stop-landlord-games/'  data-wpil-monitor-id='1621'>free rent and build-out dollars</a>. This guide shows how to <strong data-start="600" data-end="702">slash your lease costs, secure hidden incentives, and lock in terms that protect your bottom line.</strong></p>
<hr data-start="706" data-end="709" />
<h2 data-start="711" data-end="746">Why Tenants Overpay in Chicago</h2>
<ul data-start="747" data-end="963">
<li data-start="747" data-end="810">
<p data-start="749" data-end="810">Landlords control the data, the brokers, and the attorneys.</p>
</li>
<li data-start="811" data-end="883">
<p data-start="813" data-end="883">Tenants only negotiate once every decade. Landlords negotiate daily.</p>
</li>
<li data-start="884" data-end="963">
<p data-start="886" data-end="963">The result: tenants <strong data-start="906" data-end="961">sign renewals that cost 15–25% more than necessary.</strong></p>
</li>
</ul>
<blockquote data-start="965" data-end="1071">
<p data-start="967" data-end="1071"><strong data-start="967" data-end="998">Don’t just renew—negotiate.</strong> Every month you wait leaves money on the landlord’s side of the table.</p>
</blockquote>
<hr data-start="1073" data-end="1076" />
<h2 data-start="1078" data-end="1136">What a Tenant Advisor Actually Does (Chicago Edition)</h2>
<ul data-start="1137" data-end="1522">
<li data-start="1137" data-end="1249">
<p data-start="1139" data-end="1249"><strong data-start="1139" data-end="1167">Uncover the real market:</strong> If River North space is closing at $32/SF with six months free, you’ll know it.</p>
</li>
<li data-start="1250" data-end="1328">
<p data-start="1252" data-end="1328"><strong data-start="1252" data-end="1283">Force landlords to compete:</strong> <a href='https://tenantadvisors.com/12-leasing-process-moves-that-save-tenants-real-money-and-stop-landlord-games/'  data-wpil-monitor-id='1618'>Multiple proposals = stronger concessions</a>.</p>
</li>
<li data-start="1329" data-end="1423">
<p data-start="1331" data-end="1423"><strong data-start="1331" data-end="1354">Slash hidden costs:</strong> Audit operating expense clauses so you don’t get nickel-and-dimed.</p>
</li>
<li data-start="1424" data-end="1522">
<p data-start="1426" data-end="1522"><strong data-start="1426" data-end="1472">Secure free rent and build-out allowances:</strong> You shouldn’t be paying for improvements alone.</p>
</li>
</ul>
<blockquote data-start="1524" data-end="1659">
<p data-start="1526" data-end="1659"><strong data-start="1526" data-end="1540">Quick hit:</strong> In Chicago, <a href='https://tenantadvisors.com/tenant-advisors-chicago-office-market-report-q1-2024/'  data-wpil-monitor-id='1577'>tenant representation costs you nothing</a>. Landlords pay the commission whether you <a href='https://tenantadvisors.com/resources/how-a-broker-can-help-you-find-the-right-chicago-office-space-2/'  data-wpil-monitor-id='1637'>use an advisor</a> or not.</p>
</blockquote>
<hr data-start="1661" data-end="1664" />
<h2 data-start="1666" data-end="1708">Real Results from Recent Transactions</h2>
<ul data-start="1709" data-end="2000">
<li data-start="1709" data-end="1789">
<p data-start="1711" data-end="1789"><strong data-start="1711" data-end="1727">Loop tenant:</strong> Cut rent by 22% and banked 5 months free rent on a renewal.</p>
</li>
<li data-start="1790" data-end="1898">
<p data-start="1792" data-end="1898"><strong data-start="1792" data-end="1819">Schaumburg office user:</strong> Locked in $45/SF in build-out cash—money the landlord never offered upfront.</p>
</li>
<li data-start="1899" data-end="2000">
<p data-start="1901" data-end="2000"><strong data-start="1901" data-end="1927">River North tech firm:</strong> Secured 10 months free rent on a 7-year lease, saving more than $1.5M.</p>
</li>
</ul>
<p data-start="2002" data-end="2082"><strong data-start="2002" data-end="2080">These aren’t “nice-to-have” wins. They’re dollars back into your business.</strong></p>
<hr data-start="2084" data-end="2087" />
<h2 data-start="2089" data-end="2129">Costly Mistakes Tenants Keep Making</h2>
<ul data-start="2130" data-end="2463">
<li data-start="2130" data-end="2216">
<p data-start="2132" data-end="2216"><strong data-start="2132" data-end="2172">Renewing without shopping the market</strong> → locks you into 5+ years of overpayment.</p>
</li>
<li data-start="2217" data-end="2297">
<p data-start="2219" data-end="2297"><strong data-start="2219" data-end="2258">Accepting landlord “standard” terms</strong> → costs you 3–6 months of free rent.</p>
</li>
<li data-start="2298" data-end="2389">
<p data-start="2300" data-end="2389"><strong data-start="2300" data-end="2329">Skipping an expense audit</strong> → thousands lost each year in CAM and HVAC pass-throughs.</p>
</li>
<li data-start="2390" data-end="2463">
<p data-start="2392" data-end="2463"><strong data-start="2392" data-end="2419">Believing “final offer”</strong> → leaves money and concessions unclaimed.</p>
</li>
</ul>
<hr data-start="2465" data-end="2468" />
<h2 data-start="2470" data-end="2520">How to Choose the Right Tenant Rep in Chicago</h2>
<ul data-start="2521" data-end="2773">
<li data-start="2521" data-end="2590">
<p data-start="2523" data-end="2590"><strong data-start="2523" data-end="2546">Demand exclusivity:</strong> Only tenant reps, never landlord brokers.</p>
</li>
<li data-start="2591" data-end="2686">
<p data-start="2593" data-end="2686"><strong data-start="2593" data-end="2620">Ask about deal savings:</strong> “How much rent have you cut for tenants in the last 12 months?”</p>
</li>
<li data-start="2687" data-end="2773">
<p data-start="2689" data-end="2773"><strong data-start="2689" data-end="2715">Check submarket reach:</strong> West Loop isn’t Schaumburg; your rep should cover both.</p>
</li>
</ul>
<hr data-start="2775" data-end="2778" />
<h2 data-start="2780" data-end="2799">Your Next Move</h2>
<p data-start="2800" data-end="2920">If your lease expires in 2025–2027, the clock is ticking. <strong data-start="2858" data-end="2918">Every renewal signed today sets market pricing tomorrow.</strong></p>
<ul data-start="2922" data-end="3132">
<li data-start="2922" data-end="3028">
<p data-start="2924" data-end="3028"><strong data-start="2924" data-end="2996">Download our <a class="decorated-link" href="#" rel="noopener" data-start="2939" data-end="2994">2025 Tenant’s Guide to Slashing Office Lease Costs</a></strong> → immediate, practical steps.</p>
</li>
<li data-start="3029" data-end="3132">
<p data-start="3031" data-end="3132"><strong data-start="3031" data-end="3067">Book a confidential consultation</strong> → we’ll show you exactly how much you can cut from your lease.</p>
</li>
</ul>
<p data-start="3134" data-end="3217"><strong data-start="3134" data-end="3215">Don’t hand your landlord another dollar. Claim the leverage you already have.</strong></p>
</div>
</div></div></div></div></div><p>The post <a rel="nofollow" href="https://tenantadvisors.com/2025-chicago-office-market-the-tenants-guide-to-slashing-lease-costs/">2025 Chicago Office Market: The Tenant’s Guide to Slashing Lease Costs</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
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		<title>Oak Brook Office Space</title>
		<link>https://tenantadvisors.com/oak-brook-office-space/</link>
		
		<dc:creator><![CDATA[Tom Koelzer]]></dc:creator>
		<pubDate>Thu, 08 Feb 2024 22:05:22 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://tenantadvisors.com/?p=4595</guid>

					<description><![CDATA[<p>Whether or not leasing office space in Oak Brook, IL is right for you depends on your specific needs and priorities. Here are some potential pros and cons to consider: Pros: Accessibility: Oak Brook is conveniently located on the I-88 corridor, with easy access to both Chicago and major suburbs. This can be ideal for companies who need [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/oak-brook-office-space/">Oak Brook Office Space</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
]]></description>
										<content:encoded><![CDATA[<figure id="attachment_497" aria-describedby="caption-attachment-497" style="width: 328px" class="wp-caption alignleft"><img decoding="async" class="size-full wp-image-497" src="https://tenantadvisors.com/wp-content/uploads/2013/03/Oak-Brook-Office-Space.jpg" alt="Oak Brook Office Space" width="328" height="246" srcset="https://tenantadvisors.com/wp-content/uploads/2013/03/Oak-Brook-Office-Space.jpg 328w, https://tenantadvisors.com/wp-content/uploads/2013/03/Oak-Brook-Office-Space-300x225.jpg 300w" sizes="(max-width: 328px) 100vw, 328px" /><figcaption id="caption-attachment-497" class="wp-caption-text">Oak Brook Office Space</figcaption></figure>
<p data-sourcepos="1:1-1:140">
<p data-sourcepos="1:1-1:140">Whether or not leasing office space in Oak Brook, IL is right for you depends on your specific needs and priorities. Here are some potential pros and cons to consider:</p>
<p data-sourcepos="3:1-3:9"><strong>Pros:</strong></p>
<ul data-sourcepos="5:1-5:96">
<li data-sourcepos="5:1-5:96"><strong>Accessibility:</strong> Oak Brook is conveniently located on the I-88 corridor, with easy access to both Chicago and major suburbs. This can be ideal for companies who need to attract talent from a wide range of areas or have frequent client meetings in different locations.</li>
<li data-sourcepos="6:1-6:79"><strong>Affluent Community:</strong> Oak Brook boasts a high median household income and a strong concentration of corporate headquarters. This can be attractive for businesses looking to project a prestigious image or tap into a wealthy consumer base.</li>
<li data-sourcepos="7:1-7:232"><strong>Amenities:</strong> Oak Brook offers a variety of amenities that can be attractive to employees and clients, such as upscale shopping malls, restaurants, and hotels. This can make it a more <a href="https://tenantadvisors.com/location-location-location/"  data-wpil-monitor-id="1836">enjoyable place to work</a> and conduct business.</li>
<li data-sourcepos="8:1-8:67"><strong>Office Space Options:</strong> Oak Brook has a diverse range of office space options available, from traditional Class A buildings to modern coworking spaces. This allows businesses of all sizes and budgets to find a space that meets their needs.</li>
</ul>
<p data-sourcepos="10:1-10:9"><strong>Cons:</strong></p>
<ul data-sourcepos="12:1-16:0">
<li data-sourcepos="12:1-12:194"><strong>Cost:</strong> Oak Brook is generally considered a more expensive market for office space than other suburbs or even downtown Chicago. This can be a major downside for businesses on a tight budget.</li>
<li data-sourcepos="13:1-13:193"><strong>Traffic:</strong> The I-88 corridor can be congested, especially during peak hours. This can be a concern for businesses that rely on employees commuting on time or meeting with clients in person.</li>
<li data-sourcepos="14:1-14:184"><strong>Limited Transit:</strong> Oak Brook has limited public transportation options. This can be a disadvantage for businesses who rely on public transportation to attract and retain employees.</li>
<li data-sourcepos="15:1-16:0"><strong>Competition:</strong> Oak Brook is a competitive market for office space. This can make it difficult to find the right space at the right price, especially for smaller businesses.</li>
</ul>
<p data-sourcepos="17:1-17:214">Ultimately, the decision of whether or not to lease office space in Oak Brook depends on your individual needs and priorities. It&#8217;s important to carefully consider all of the <a href="https://tenantadvisors.com/how-to-find-the-perfect-chicago-office-space/"  data-wpil-monitor-id="1837">pros and cons</a> before making a decision.</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/oak-brook-office-space/">Oak Brook Office Space</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
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		<title>TENANT ADVISORS CHICAGO OFFICE MARKET REPORT Q1 2024</title>
		<link>https://tenantadvisors.com/tenant-advisors-chicago-office-market-report-q1-2024/</link>
		
		<dc:creator><![CDATA[Tom Koelzer]]></dc:creator>
		<pubDate>Mon, 29 Jan 2024 19:22:49 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://tenantadvisors.com/?p=4351</guid>

					<description><![CDATA[<p>The tenant’s market in Chicago continues.  There is good news and bad news for tenants in how the market is evolving.  The good news is that some landlords are finally willing, in some cases, to accept lower rental rates.  (Up until now, most landlords have held firm to their pre-pandemic rental rates, preferring to sweeten [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/tenant-advisors-chicago-office-market-report-q1-2024/">TENANT ADVISORS CHICAGO OFFICE MARKET REPORT Q1 2024</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p id="ember1232" class="ember-view reader-content-blocks__paragraph">The tenant’s market in Chicago continues.  There is good news and bad news for tenants in how the market is evolving.  The good news is that some landlords are finally willing, in some cases, to accept lower rental rates.  (Up until now, most landlords have held firm to their pre-pandemic rental rates, preferring to sweeten the deal with higher tenant improvement allowances and additional rent abatement).  The bad news is that many landlords don’t have the capital to fund <a href="https://tenantadvisors.com/suburban-chicago-office-space-what-to-expect-in-tenant-improvements/"  data-wpil-monitor-id="848">tenant improvements</a>.  They’re asking the tenant to fund its own improvements. This represents a major shift in the market.</p>
<p id="ember1234" class="ember-view reader-content-blocks__paragraph"><strong>Long Term Reset of the Market</strong></p>
<p id="ember1235" class="ember-view reader-content-blocks__paragraph">The effects of the changing market will take years to be felt fully.  This is for two reasons: 1) many long-term office leases haven’t yet expired, and 2) many office building mortgages haven’t yet come due.</p>
<p id="ember1237" class="ember-view reader-content-blocks__paragraph">When leases expire over the next 2-3 years, it’s unlikely they’ll be renewed at the same size if they get renewed at all.  As for mortgages, when they come due over the next few years, often the reduced value of the property won’t support the outstanding principal balance.  The borrower then has two choices: 1) contribute significantly more equity to “buy down” the principal balance to market levels, or 2) hand the keys back to the lender in a “deed in lieu of foreclosure”.</p>
<p id="ember1240" class="ember-view reader-content-blocks__paragraph"><strong>Building Supply Declining</strong></p>
<p id="ember1241" class="ember-view reader-content-blocks__paragraph">Some lower-end office product is beyond help and will never recover.  In many recent cases, buildings like this are either being renovated to serve another purpose (e.g. residential) or more likely, torn down to make way for an alternate use.  We’ve seen examples of offices buildings being torn down and replaced with apartment buildings, retail centers and warehouses.</p>
<p id="ember1243" class="ember-view reader-content-blocks__paragraph"><strong>Tenants Adapting to the Work from Home Phenomenon</strong></p>
<p id="ember1244" class="ember-view reader-content-blocks__paragraph">Quite a few companies are mandating that their employees <a href="https://tenantadvisors.com/commercial-office-space-and-the-changing-office-trends/"  data-wpil-monitor-id="847">return to the office</a> for at least a few days a week.  Still, it seems unlikely attendance in the office will ever reach pre-pandemic levels.   This has allowed many tenants to <a href="https://tenantadvisors.com/office-space-rentals-changes-and-trends-in-office-space-density/"  data-wpil-monitor-id="849">reduce the size of their space</a>, and allocate more area to we space (conference rooms, break rooms, collaboration areas) and less to me space (private offices, large workstations, etc.)</p>
<p id="ember1246" class="ember-view reader-content-blocks__paragraph"><strong>Flight to Quality</strong></p>
<p id="ember1247" class="ember-view reader-content-blocks__paragraph">As tenants downsize, many are opting to trade up to a higher quality building, partly to <a href="https://tenantadvisors.com/millennial-values-in-a-modern-office-space/"  data-wpil-monitor-id="1835">attract employees back to the office</a>.  Often, they can make this move <a href="https://tenantadvisors.com/2025-chicago-office-market-the-tenants-guide-to-slashing-lease-costs/"  data-wpil-monitor-id="1833">without increasing their total rent cost</a>.  They end up with a <a href="https://tenantadvisors.com/location-location-location/"  data-wpil-monitor-id="1834">nicer environment</a> at roughly the same occupancy cost.</p>
<p id="ember1248" class="ember-view reader-content-blocks__paragraph"><img loading="lazy" decoding="async" class="alignleft size-full wp-image-4101" src="https://tenantadvisors.com/wp-content/uploads/Central-Loop-Office-Space.png" alt="Central Loop Office Space" width="1200" height="500" /></p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/tenant-advisors-chicago-office-market-report-q1-2024/">TENANT ADVISORS CHICAGO OFFICE MARKET REPORT Q1 2024</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
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		<title>​Millennial​ ​Values​ ​In​ ​A​ ​Modern​ ​Office​ ​Space</title>
		<link>https://tenantadvisors.com/millennial-values-in-a-modern-office-space/</link>
		
		<dc:creator><![CDATA[Tom Koelzer]]></dc:creator>
		<pubDate>Tue, 19 Dec 2017 15:02:26 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Chicago office space]]></category>
		<category><![CDATA[commercial office rentals]]></category>
		<category><![CDATA[commerical office leasing]]></category>
		<category><![CDATA[lease commercial office space]]></category>
		<category><![CDATA[office space]]></category>
		<category><![CDATA[office space for lease]]></category>
		<guid isPermaLink="false">http://tenantadvisors.com/?p=2095</guid>

					<description><![CDATA[<p>The millennial generation, traditionally defined as individuals born between the years 1982 and 2004. Why are they important? Well, they entering the job market and will continue to with for years to come. Let’s perspective, a child born in 1982 would have graduated college around 2005; born in 2004? Expect to be graduating and entering [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/millennial-values-in-a-modern-office-space/">​Millennial​ ​Values​ ​In​ ​A​ ​Modern​ ​Office​ ​Space</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The millennial generation, traditionally defined as individuals born between the years 1982 and 2004. Why are they important? Well, they entering the job market and will continue to with for years to come. Let’s perspective, a child born in 1982 would have graduated college around 2005; born in 2004? Expect to be graduating and entering the workforce around 2027. <br />
<br /><img loading="lazy" decoding="async" width="787" height="606" class="alignright size-medium wp-image-1851" src="/wp-content/uploads/2015/10/Shared-Office.jpg" alt="" style="max-width:500px; width:100%;" srcset="https://tenantadvisors.com/wp-content/uploads/2015/10/Shared-Office.jpg 787w, https://tenantadvisors.com/wp-content/uploads/2015/10/Shared-Office-300x231.jpg 300w" sizes="(max-width: 787px) 100vw, 787px" /></p>
<p>At <a href="/">Tenant Advisors</a>, we posed the question <em>: what does this generation value in a workplace?</em></p>
<p>We spoke with millennials that recently entered the workforce to discover what inspires and fuels their passion in competitive work environments.</p>
<h2>Data Analyst: office size 75-100 people</h2>
<p><strong> </strong>“ I work at a company that has outgrown its office space, currently we’re forced to have to maximize office space by sacrificing efficiency.</p>
<p>A <a href="https://tenantadvisors.com/tenant-advisors-chicago-office-market-report-q1-2024/"  data-wpil-monitor-id="1578">lack of common space</a> is detrimental, the only place you have is your desk area. If you need to take a phone call, we don’t really have anywhere in the office you could step aside to.</p>
<p>On the flip side &#8211; the office is in a <a href="https://tenantadvisors.com/resources/how-a-broker-can-help-you-find-the-right-chicago-office-space-2/"  data-wpil-monitor-id="1428">great location</a>. It’s very convenient to hop on the El and get to work in 30 minutes.</p>
<p>Our office has a great view of the city, we also have great facilities available in the building. Often times I&#8217;ll take advantage of the gym”</p>
<h2>Inside Sales: office size 750-1,000 people</h2>
<p>“ I think my favorite thing about my office is the layout and location. I am incredibly close to <a href="https://tenantadvisors.com/chicago-office-space-attractive-qualities-of-leasing-office-space/"  data-wpil-monitor-id="1430">public transportation</a> and am able to utilize the CTA to get to the office quickly, my commute is usually like 45 minutes.</p>
<p>My office has great amenities, they have a great common areas and a nice kitchen.</p>
<p>What I love about my office is the open collaborative, layout.</p>
<p>You can talk and interact among your coworkers, being able to get advice or ask for help from someone close by is really nice.</p>
<p>Something I think could be improved on is the aesthetic, I think the office could be better decorated. Don’t get me wrong, it looks really nice as is, but some fresh paint or new artwork would make a big impact in my opinion. Some more colors in the office would really brighten up the place and I would argue inspire creativity “</p>
<h2>Financial Planner: office size 200-300 people</h2>
<p>“ A lot of the work we do is <a href="https://tenantadvisors.com/commercial-office-space-and-the-changing-office-trends/"  data-wpil-monitor-id="1431">collaborative</a> and involves usually a whole team of people working together. Our meeting rooms are great, they are linked up with great technology so we can video chat among other offices really without having many problems.</p>
<p>Our clients depend on us to have a quick turn around so not having to worry about this or that going wrong, knowing we have reliable equipment allows us to better tackle the problem at hand.</p>
<p>Something I would improve on in my office would be to <a href="https://tenantadvisors.com/services/"  data-wpil-monitor-id="1432">reconsider cubicles</a>. Often times I find it acting as a barrier for productivity, often sending emails to people across the room.</p>
<p>I understand it’s how a lot of offices have been traditionally laid out, but this doesn’t necessarily mean this is the way it needs to be, ya know?”</p>
<p><em>There</em> <em>you</em> <em>have </em><em>it, a first hand account from rising young professionals. For all your Chicagoland <a href="/started/">Office Space</a> needs, Tenant Advisors will guide you every step of the way. <a href="https://tenantadvisors.com/resources/advice-from-chicago-tenant-advisors/"  data-wpil-monitor-id="1429">Give us a call today</a> at 847 778 0296, we look forward to hearing from you.</em></p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/millennial-values-in-a-modern-office-space/">​Millennial​ ​Values​ ​In​ ​A​ ​Modern​ ​Office​ ​Space</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
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		<title>Benefits Of Leasing vs. Purchasing Office Space</title>
		<link>https://tenantadvisors.com/leasing-office-space-the-benefits-vs-purchasing-office-space/</link>
		
		<dc:creator><![CDATA[Tom Koelzer]]></dc:creator>
		<pubDate>Wed, 31 Aug 2016 00:23:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[office lease negotiations]]></category>
		<category><![CDATA[office space leasing]]></category>
		<category><![CDATA[own vs. lease]]></category>
		<guid isPermaLink="false">http://tenantadvisors.com/leasing-office-space-the-benefits-vs-purchasing-office-space/</guid>

					<description><![CDATA[<p>Benefits of Leasing vs. Purchasing office space.  Economic uncertainty and market volatility are causing many of companies to question their commercial office space needs.   What’s the right decision for your business?  Should you lease office space or purchase office space?  The short answer is, well, it depends.  Not sure if leasing is right for you?  [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/leasing-office-space-the-benefits-vs-purchasing-office-space/">Benefits Of Leasing vs. Purchasing Office Space</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img loading="lazy" decoding="async" width="480" height="640" class="alignleft wp-image-1810" src="/wp-content/uploads/2015/08/21.jpg" alt="" style="max-width:400px;width:100%;" srcset="https://tenantadvisors.com/wp-content/uploads/2015/08/21.jpg 480w, https://tenantadvisors.com/wp-content/uploads/2015/08/21-225x300.jpg 225w" sizes="(max-width: 480px) 100vw, 480px" /><br />
Benefits of Leasing vs. Purchasing office space.  Economic uncertainty and market volatility are causing many of companies to question their commercial office space needs.   What’s the right decision for your business?  Should you lease office space or purchase office space?  The short answer is, well, it depends.  Not sure if leasing is right for you?  Comparing the benefits of <a href="/">leasing office space</a> against your company’s commercial real estate needs can help.</p>
<p>Some of the benefits vs. purchasing office space include:</p>
<p><strong>Increased Flexibility</strong>. <a href="https://tenantadvisors.com/how-to-lease-office-space/"  data-wpil-monitor-id="1583">Leasing office space</a> provides flexibility that you lose when you purchase an office building or office condo.  You have the opportunity to expand as you grow and to <a href="https://tenantadvisors.com/sublease-office-space-vs-direct-office-space-leasing/"  data-wpil-monitor-id="1587">sublease office space</a> should you downsize.  By leasing, you also maintain the flexibility to move the business when the <a href="https://tenantadvisors.com/office-space-lease-how-long-of-a-term-should-you-sign/"  data-wpil-monitor-id="1585">lease expires</a>, without the headache of a building sale.</p>
<p><strong>Smaller Initial Cash Outlay</strong>.  When leasing office space, depending on your market, credit standing, and negotiated terms, your initial cash outlay will generally consist only of first and last months’ rent.  Purchasing commercial real estate requires a down payment—often as high as 25 percent of the purchase price—as well as the expense of appraisals, building inspections, loan fees, and property improvements.  For example, an office building listed for sale at $4,400,000 is also listed for lease for $30,000 per month.  At 25 percent down this represents a $1,100,000 cash outlay, versus a $60,000 initial lease deposit &#8211; a difference of 95 percent.</p>
<p><strong>Tax Benefits</strong>.  Because an <a href="https://tenantadvisors.com/the-difference-between-renting-and-leasing-office-space/"  data-wpil-monitor-id="1584">office lease</a> is a business expense, it is fully tax deductible.  This includes <em>all</em> financial obligations to your landlord.  So if your landlord passes through property taxes or janitorial fees, you can deduct the costs.  <a href="https://tenantadvisors.com/chicago-office-space-the-benefits-of-owning-vs-leasing/"  data-wpil-monitor-id="1582">Office building owners</a> can write off some costs as well, but generally over much longer periods of time.  For example, property improvements must be written off over a period of 39 years.   Office space renters also have less tax paperwork than owners.  Please note, tax laws are fluid and nuanced, so it is vital to consult with your attorney and tax professional to understand your unique obligations.</p>
<p><strong>Less Dependence on Credit.</strong> While your credit can affect your office space rental, particularly the initial rent and security deposit, the effects are more severe when purchasing.  If you do not have good credit, you may fail to qualify for a loan, or if you do, high interest rates will put a strain on your monthly expenses.</p>
<p><strong>Improved Location and building quality. </strong> Leasing allows you the benefit of upgraded facilities and <a href="https://tenantadvisors.com/office-leasing-benefits-of-a-built-to-suit/"  data-wpil-monitor-id="1586">prime locations</a>.  Real Estate 101 teaches us that all property should be put to its “highest and best use.” In layman’s terms, this means that areas of high demand will produce large projects capable of meeting the demand, putting the purchase of Class A office buildings and low-rise suburban office complexes beyond the size and price limits of most businesses.</p>
<p><strong>Reduced responsibilities.</strong> Owning commercial office property means maintaining it.  This can include leasing vacant space, managing janitorial issues, property maintenance, and security, among other expenses.  Even if you hire a property management company to handle day-to-day operations (which can be expensive) this can still be a time consuming process.  Leasing simplifies your life and allows you to focus on your core business.</p>
<p><strong>Opportunity Costs.  </strong>Money spent purchasing your <a href="/market-areas/">office space</a> is money that is not invested into your business.  This can be especially critical for newer businesses that need money to grow and invest in its people, business and infrastructure.</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/leasing-office-space-the-benefits-vs-purchasing-office-space/">Benefits Of Leasing vs. Purchasing Office Space</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
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		<title>North Michigan Avenue Office Space</title>
		<link>https://tenantadvisors.com/north-michigan-avenue-office-space/</link>
		
		<dc:creator><![CDATA[Tom Koelzer]]></dc:creator>
		<pubDate>Tue, 16 Aug 2016 18:42:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Commercial office space]]></category>
		<category><![CDATA[leasing North Michigan Avenue office space]]></category>
		<category><![CDATA[North Michigan Avenue office space]]></category>
		<category><![CDATA[office rentals]]></category>
		<guid isPermaLink="false">http://tenantadvisors.com/north-michigan-avenue-office-space/</guid>

					<description><![CDATA[<p>North Michigan Avenue is a downtown section of Chicago which is known for its lively character and wide array of business opportunities.  Also called The Magnificent Mile, the name pretty much says it all.  Many who have businesses on North Michigan Avenue rent commercial office space there and find that being located on The Magnificent [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/north-michigan-avenue-office-space/">North Michigan Avenue Office Space</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" class="alignright wp-image-213 " src="/wp-content/uploads/2011/02/N-Michigan-Ave.png" alt="" width="400" srcset="https://tenantadvisors.com/wp-content/uploads/2011/02/N-Michigan-Ave.png 297w, https://tenantadvisors.com/wp-content/uploads/2011/02/N-Michigan-Ave-235x300.png 235w" sizes="(max-width: 297px) 100vw, 297px" /></p>
<p>North Michigan Avenue is a downtown section of Chicago which is known for its lively character and wide array of business opportunities.  Also called The Magnificent Mile, the name pretty much says it all.  Many who have businesses on North Michigan Avenue rent <a href="/nma-office-space/">commercial office space</a> there and find that being located on The Magnificent Mile does wonders for their bank accounts.  Hotels, shops and dining options galore are along every step of the way on North Michigan Avenue.</p>
<p><strong>Business Atmosphere</strong></p>
<p>Companies and corporations which <a href="https://tenantadvisors.com/commercial-office-space-in-the-north-michigan-avenue-area/"  data-wpil-monitor-id="323">rent office space on North Michigan Avenue</a> not only get clients due to the foot traffic of the area but also since it is in the heart of the city and many modes of transportation can get customers to their destination, i.e. your business.  The Metra train system stops on North Michigan Avenue as does the CTA, which is a good option if you are flying in from O’Hare International Airport.  Also, one can drive in and park in one of the many parking lots or garages in the area or take a taxi to the North Michigan Avenue destination of choice.  For those who want a more scenic tour of the area on the way to The Magnificent Mile, a trip on the water taxi is ideal.</p>
<p><strong>Other Businesses Within The North Michigan Avenue Area</strong></p>
<p>So many businesses in the Chicago-area have leased <a href="https://tenantadvisors.com/northfield-office-space/"  data-wpil-monitor-id="1218">commercial office space</a> on North Michigan Avenue.  After all, business opportunities are plentiful and customers can get to the locale with ease.  In fact there are 56 hotels, 124 restaurants and hundreds of stores in the area.  Companies and corporations which take advantage of all the North Michigan Avenue area provides include American Express, Fidelity Investments and multiple banking institutions.  There are also plenty of smaller businesses operating out of North Michigan Avenue buildings including the Wrigley Building and John Hancock Center.</p>
<p><strong>About the Residents</strong></p>
<p>Those who live on North Michigan Avenue often occupy high-end real estate.  There are many different luxury condos and loft condos available to those who want to be in the midst of all of the city action.  Many residents of The Magnificent Mile work in the city and do most of their daily shopping and eating on North Michigan Avenue due to the convenience and opportunities abound there.  This feature warms the hearts of business owners who lease office space on North Michigan Avenue as they will gain a good influx of customers from those who live, work and play in the area.  Therefore, commercial office space renters get business from both those within The Magnificent Mile and others who travel in to the area to do business with establishments located therein.</p>
<p><strong>Things to Do</strong></p>
<p>Eating and shopping are two primary things to do on North Michigan Avenue as the possibilities are almost endless.  There are also plenty of historical landmarks to visit while on The Magnificent Mile including the Drake Hotel, Palmolive Building and the site of Fort Dearborn, to name a few.  Architecture lovers will appreciate all that North Michigan Avenue will display in the way of unique structures.  Sightseeing tours and seasonal festivals also draw quite a crowd into the area.</p>
<p><strong>Dining and Shopping Options on North Michigan Avenue</strong></p>
<p>One of the best things about North Michigan Avenue is the diversity which residents and visitors can enjoy in the way of dining and shopping options.  From light fare options to full-course dining adventures, there is something for all to enjoy with regard to dining in The Magnificent Mile area.  Every step of the way on North Michigan Avenue you will find restaurants taking advantage of leasing space in this highly coveted commercial locale.  Shops large and small also open their doors onto North Michigan Avenue.  Salons, retail chain stores, high-end boutiques, electronics stores and more provide options for all who visit this area.  In fact, North Michigan Avenue has been named one of the best shopping avenues in the world in a book published by National Geographic.</p>
<p><strong>Tenant Advisors, Inc.:  Your One-Stop Tenant Representation Firm</strong></p>
<p><a title="Leasing commercial office space on North Michigan Avenue " href="/nma-office-space/" target="_self">Leasing commercial office space on North Michigan Avenue </a>is a wise move for businesses large and small.  Tenant Advisors, Inc. can help.  Our licensed and professional real estate agents will sit down with you and discuss your office space leasing needs.  From start to finish, our firm will go above and beyond to find that perfect <a href="/">office space</a> rental option you deserve.  The North Michigan Avenue area will be the perfect locale for your company or corporation and provide you with the large clientele base an area of this type affords its commercial office space occupants.</p>
<p>Not only will Tenant Advisors, Inc. help you to realize the ideal office space rental situation but we will also aid you in negotiating the best lease terms as <strong>we represent tenants alone, never landlords</strong>.  This way you can have peace in knowing where our loyalties lie…which is with you, the tenant.  Also, our service is <strong>FREE</strong>!  Those businesses which utilize our services never pay a penny to do so.</p>
<p>Explore your North Michigan Avenue <a href="https://tenantadvisors.com/mundelein-office-space/"  data-wpil-monitor-id="1295">commercial office space leasing options</a> today with Tenant Advisors, Inc. on your side.  Get started simply by filling out the contact form and we will get back to you promptly.  Find out all that The Magnificent Mile can offer to you in the way of reasonably priced office space leasing which is in the middle of downtown Chicago.  <strong>Contact us today!</strong></p>
<p>The post <a rel="nofollow" href="https://tenantadvisors.com/north-michigan-avenue-office-space/">North Michigan Avenue Office Space</a> appeared first on <a rel="nofollow" href="https://tenantadvisors.com">Tenant Advisors</a>.</p>
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