Best Practices

Chicago’s Top Commercial Real Estate Broker, William Himmelstein, shares insights on how COVID-19 has impacted Commercial Real Estate, how to approach the current market, and how to plan for a safe return to the office.

Commercial real estate (CRE) is typically a company’s second largest expense to payroll or 3rd largest for manufacturers. Yet, never before in recent history has space been on the mind of almost every single business owner and CEO. As the CEO of Tenant Advisory Group with twenty+ years of experience as a commercial real estate broker, I have seen corporate leaders make many mistakes since March that have cost their companies significant dollars and negotiating leverage. In this article, I discuss the current and future CRE market and how to best position your company to buy low, sell high, and ensure you are getting the most out of your space while spending the least. I will also share insights into what other commercial space users are doing and planning for, the do’s and don’ts of approaching your landlord to garner free rent or a lease restructure, and how to safely return to the workspace. 

Work smarter, not harder. Follow these tips to increase your whole team’s productivity and morale while working remotely.

Amid the global pandemic, many companies shut down or decided to make the shift to fully remote work. And, if you’ve never worked from home, it can be challenging.

While working from home has its perks: no commute, more flexible schedule, no office distractions, it’s also rife with disadvantages that can lead to lost productivity and burnout.

As we all navigate this new normal, here are some tips and tricks you can implement right now to stay productive and lead your team while working from home:

As we continue to navigate the ongoing implications of the COVID-19 crisis, it’s important to continue having regular conversations about performance. This helps individuals and organizations remain productive and moving forward through this challenging time.

In the past few months, many employees have adopted new ways of working. Some companies continue to work from home, while others have learned to adapt to new policies and procedures in response to the pandemic.

Through this, you may be left wondering if you should give your employees an annual performance review this year. The answer is yes.

Put time back into your calendar by learning how to use leverage.

We all have the same number of hours in a week, so why do some people seem to get more done?

It’s easy to assume that productive people work harder, but that’s not necessarily true. The most productive leaders have learned to work smarter. Being productive while managing your time and priorities is key to running a successful business, department, or team. But there is only so much you can do on your own. The secret to accomplishing more throughout the week is by learning how to leverage your time. 

Leverage allows you to multiply your time by simply adding a little force. Getting better at using leverage will allow you to expand past your current capacity without being stressed or overworked.