YOU NEED TO HAVE AN ESTIMATE

In order to save yourself from the havoc of insufficient parking spaces for your Chicagoland office space for your business and your personal, you need to have a good estimate of the number of clients that visit you per day, and the total number of your employees. This will determine the amount of the parking spaces you need. With this information, your tenant representation broker can help you to get a suitable commercial office space for you.

HOW GREAT IS THE PARKING FACILITY?

After your broker has found you the commercial office building that fits into your requirement then it becomes pertinent for you to check it out. You might need to take a tour around the building for you to confirm the parking capacity, whether it has extra parking advantages among others. It should be noted that some buildings have overflowing parking spaces and short term parking spaces, however, these are enforced separately. Information might not be given to you if you fail to ask, thus, you need to ask questions based on the strict adherence to your parking requirement.

RESERVED OR OPEN PARKING SPOTS?

Some landlords in the Chicagoland area provide reserved parking spots system i.e. leaving some parking spaces specifically for a set of people. To save yourself from the presumption that all the parking spots are open to everyone, you need to ask questions! Ask questions as to whether the parking spaces are reserved or not. If the former is the case, and a price is attached to it, then you should be ready to negotiate your price and terms.

SPELL OUT ALL THE TERMS RELATED TO THE OFFICE SPACE CLEARLY

Most of the time, office space tenants often fail to explicitly state the terms of the lease of both the building and the parking spaces in their lease document. You should ensure that all the necessary terms of the office lease are explicitly stated in the lease document for future and legal use.

TENANT ADVISORS WILL SAVE YOU THE STRESS AND MONEY

Instead of wasting your money and productive time to tour, negotiate, and to ensure the due process for your smooth office space lease, you can just hire Tenant Advisors, Inc.. Tenant Advisors, Inc. is a commercial real estate firm in the Chicagoland area that provides aggressive and unbiased representation to office space tenants throughout Chicago and the surrounding suburbs FREE for the tenants. You will pay us no money to represent you; our bill will be paid by your landlord. Also, it should be of a greater interest for you to know that we neither own any real estate nor represent any real estate owners, just tenants only! That means you can count on us for unbiased interest.

Our highly skilled and ever reliable staff will walk you through the process, help you to understand the lease or purchase agreements. They will also ensure that all the necessary terms including the terms and the consideration of the parking spaces are included.

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 on your way to obtaining the office space of your choice.

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Commercial office space users are drawn to the area for a number of reasons:

• Proximity to O’Hare Airport.
• Location at the confluence of the Chicago expressway system.
• Availability of public transportation (CTA train stops at Cumberland Avenue and River Road, as well as O’Hare Airport).
• Proximity to most densely populated areas of Chicago provides access to an excellent labor pool.

As a result of these and other benefits, the Rosemont market is the home of several corporate headquarters, sales operations, and associations.

ACCESS/AMENITIES

Access to the highway system has been further enhanced by the addition of a southbound entrance ramp at Balmoral Road and the Tri-State Tollway (I-294).  Additionally, Balmoral has been extended to Mannheim Road and will eventually extend directly into O’Hare Airport. Also, a two-way interchange (northbound ingress and southbound egress) will be added on the Tri-State Tollway at Devon Avenue, subject to Illinois Tollway Authority Funding.  This will greatly enhance accessibility to and from the northern suburbs.

Access is further enhanced by excellent public transportation in the area.  The elevated passenger train has two stops in the Rosemont market (Cumberland Avenue and River Road) before continuing on to the airport.

Bus routes fan out through the Rosemont market from both train stations.  This greatly enhances access to labor.

All of the major hotel chains are represented in the Rosemont market, as well as a number of first-class restaurants. Also, the Rosemont market boasts the ninth largest convention center in the country a casino hotel complex will open in Des Plaines in 2012.

DEVELOPMENT

With the turbulence in the economy, Rosemont office building development plans have been put on hold.  Developers who are interested in starting projects are finding it difficult to secure financing.

TAXES & OPERATING EXPENSES

The Rosemont office space market is located in Cook County.  A portion of the market is within the city limits of Chicago.  Real Estate Taxes in the Rosemont market are approximately $5.00 to $7.00 per square foot.  Operating expenses are similar to other buildings located in the Metropolitan Chicago area of $5.50 to $7.50 per square foot.

RENTAL RATES

Rosemont office building asking rental rates for Class “A” range from $27.00 to $31.00 per square foot gross, including current taxes and operating expenses.  Electricity for lights and outlets will be separately metered in most cases.  Building standard construction allowances of $5.00 to $40.00 per square foot are also included in these rental rates.  Fully negotiated rates range from $24.00 gross to $30.00 gross.  Typically landlords will provide additional concessions beyond these rental reductions.  The range in rental rates is determined primarily by the cost of tenant construction, lease term, and the landlord’s motivation.

Rosemont Class “B” buildings ask between $18.00 and $24.00 per square foot, including taxes, operating expenses and construction allowances.  Negotiated rates range between $17.00 and $21.00 gross, again with additional concessions in most cases.

Class “C” properties advertise rates in the $13.00 to $20.00 per square foot range.  Negotiated rates range from $12.00 to $17.00 per square foot.  Several Class “C” properties offer below grade space.  This category represents the low end of the range outlined above.

VACANCY & MARKET CONCESSIONS

As of the 4^th Quarter 2009 the vacancy rate is 23.9% with a base of approximately 18 million square feet; this amounts to approximately 4,409,968 square feet of direct office space available.  This rate does not include sublease space, which adds another 332,275 square feet to the suburban Rosemont/O’Hare market.

ABSORPTION

There has been very little absorption over the past several years.  We expect this trend to continue as the economy continues to struggle.

OFFICE SPACE AVAILABILITY

With many available office space options to consider, and little demand, the Rosemont market shall remain a “tenant’s” market for the foreseeable future.  So called “shadow vacancy” i.e. space still under lease to a tenant but not being utilized is increasing dramatically.  When these leases expire, this space will go back to the landlord as vacant space.

ROSEMONT OFFICE SPACE FOR SUBLEASE

As the economy continues to struggle, we anticipate more companies to attempt to sublease space and will need to offer discounts of 40-50% in most cases.  Currently there are over 332,275 square feet on the market for sublease in the Rosemont office market.

The post Rosemont Office Space appeared first on Tenant Advisors.

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.

The post Office Space Rental To Suit Your Needs In Schaumburg appeared first on Tenant Advisors.

1. Money Savings

Renting a shared office space is a great way to save money. These spaces are often much less expensive than renting a traditional office space. This is because when you rent a traditional space, you are required to pay for all additional needs and equipment such as lighting, Internet, custodial services, and even hiring a receptionist. With a shared office space, these items are included in the cost already.

2. Networking Capabilities

Another great added benefit of a shared office space is the great networking capabilities it provides. By sharing an office space, you are provided with instant access to other businesses. This makes it much easier to network and gives you great ideas that you may not have had otherwise. This can provide you with ways to expand your business.

3. Meeting Space

A shared office space usually comes with a dedicated meeting space. Sometimes it can be hard to meet with clients in places such as coffee shops or other public spaces. It may even seem unprofessional. With a shared office space automatically included, this takes the guess work out of where to meet clients and gives your business an edge up over others without these facilities.

A shared office space is a great option for a business that is just getting started. It provides you with automatic amenities so that you can focus on your business instead of worrying about the essentials. It also provides you with great networking opportunities to help expand and promote your business. You can find shared office space in Chicago for your business needs.

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Consult a Real Estate Agent

You may be tempted to research properties alone. However, when looking for a new office space you should consider consulting a real estate agent. It can be hard and time consuming to find an inexpensive space that fits all of your business needs. An agent will be able to take on the burden of finding a space to fit your specific needs while you concentrate on your business and preparing for the eventual move. These professionals have plenty of experience and know exactly how and where to look in order to get you in your new space as soon as possible.

Consider the Location

It can be hard to find the perfect office space at the right price. However, one thing that is very important when searching for the perfect space is the location. You want to choose a location that is easy to get to for your client’s convenience. You also want to be in a safe and secure area. Another thing to consider is if there are amenities such as restaurants or coffee bars nearby for both clients and employees.

Determine the Perfect Size

When choosing a new office space, you may be tempted to select a very large office. However, you should consider the size of your business before decided on the size of the office and how soon you may need more space. If you only have a few employees, you should choose a smaller location. Still, you also don’t want to choose a too small space that will make employees and clients feel cramped, especially as you grow. You need to find the middle ground.

When choosing a new office space, you should first decide which properties are the most important for your business. Once you do so, you should contact a real estate professional who can assist you with finding the perfect office space for your needs.

The post How to Find the Perfect Chicago Office Space appeared first on Tenant Advisors.

That’s why you should make planning the layout of your commercial real estate space a priority. Here are some of the most important things you should take into account when planning the layout and design of your commercial real estate in Chicago:

• As an employer, you have a responsibility to look after the health and safety of your employees. Let our office planning professionals help you plan an office that minimizes occupational hazards. Effective office planning can reduce the risk of accidents and create a safer work space.
• Staff productivity. You’ll be surprised at how office design can influence the productivity of your staff. A dark, poorly-designed, and dreary office atmosphere can hurt employee morale and lower productivity. No one wants to come to work in a dingy and depressing office. A cheerful, comfortable office environment makes employees want to work.
• Regulatory compliance. Your office plan needs to take multiple regulatory compliance issues into account. The layout of your office should comply with fire codes, for example, and meet the needs of employees and clients with disabilities. Tenant representation services like ours can help you meet regulatory compliance requirements.
• When you fail to put appropriate consideration into the layout of your office, communication between staff members suffers. A well-executed office plan puts staff members who work together closely in physical proximity, to make communication easier and boost employee productivity and morale.
• You might be throwing money away on extra office space that your company doesn’t even need. Efficient office space planning can help you optimize your use of the space you have, so you can avoid making a costly move to a larger space.

Countless businesses struggle due to failures in office space planning. Don’t let yours be one of them. Get professional help from Tenant Advisors in planning the best use of your office space today.

The post Make the Most of Your Office Space With Our Office Space Planning Checklist appeared first on Tenant Advisors.

• Time – Being punctual to corporate meetings can have a different impact in certain areas of the world. For example, in Australia, New Zealand and the UK, it is critical to arrive on time or early for all appointments. Arriving late can give the impression of superiority or disrespect in these cultures.

• Joking – Kidding, joking or adding humor into business transactions can be taken as disrespectful in some cultures. For example, in Germany and France, it can be misconstrued as arrogance when joking or adding humor into a serious business transaction.

• Gifting – A custom in some countries, such as Japan, China and India, is gifting to your new clients or business associate. It can be rude to not present the other business with a wrapped gift to express a token of appreciation for their time. Not presenting a gift could instantly ruin your chances for further business deals.

When deciding to participate in international business ventures consider these customs when traveling or working abroad. Looking for office space planning near the Chicago area? Check out TenantAdvisors.com for local listings, today!

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• Clutter Free Feeling – When designing your office space, consider designing the desks to hold multiple organization units, such as filing space or an area for multiple binders or other organization systems. Keeping the office clutter-free is the first step to improving overall positive energy and productivity within your office.

• Placement Screams Potential – Placement of your desks within the office is one of the most important aspects to positive feng shui within your space. This would include having your employees all face the door at an angle or from the side. Moving the desks to this placement will promote positive energy as a client walks in the door and makes the employees feel included when anyone enters the building, as you would if a person enters your home. It would give you the opportunity to welcome them, as well as control the situation at hand. Thus, making your employees feel powerful within their space.

When designing your office space keep some of these factors in mind to promote a positive energy for all who enter your work space. Looking for office space in Chicago? Check out TenantAdvisors.com, today, to learn more and look at local listings.

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• Use Resources Wisely – When deciding how to budget the money going back into your business, consider cultural and environmental factors. This includes the space in which your employees spend most of their time. An office that has high satisfaction for employees can lower the turnover of your business. It can actually be a key factor when an employee is deciding to stay with, or leave, the company.

• Placement for Prosperity – Knowing where your office will be located in proximity to cafes, lunch places, markets and fun environments is also an important factor when choosing an office space. When your employees enjoy their surroundings, it makes it a productive environment within your office. It can lead to employees working harder during office hours to enjoy time in the local surroundings.

When youre looking for the office space for your business, be picky. Make sure that you take the time to analyze every detail of your new space to make your budget, and most importantly, your employees happy. Looking for tenant representation services? Check out TenantAdvisors.com for more information, today and find the perfect place in the Chicago area for your business.

The post Set Up Your Office for Success appeared first on Tenant Advisors.

1. Strategy Development – When looking to either move your business or to renew your lease it is important to consider what your strategic plan is for the space. Experts are able to achieve maximum value and flexibility within the market to your best advantage.
2. Extensive Market Experience – A broker will not be playing “both sides of the fence” so to speak. So when looking for space options, an expert will be able to leverage their existing relationships with previous tenants, landlords and brokers to ensure lowest prices possible for your business.
3. Financial Analysis – A financial analysis will be performed by your tenant advisor to enable you to shop spaces and price ranges that fit your overall strategy. This budget planning can help with how much you pay overtime and to make sure that your investment is safe.

Consider all of the options when choosing tenant representation for your company. Are you looking for Chicago commercial tenant advisors? Check out TenantAdvisors.com for more information about finding your perfect commercial space in Chicago.

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