Hoffman Estates Commercial Office Space Leasing

Hoffman Estates is located northwest of Chicago and has land in both Cook County and Kane County. There is a generous residential base of approximately 52,000. Not only is Village a large residential area but it is also home to many large corporations and privately owned businesses. Business owners lease commercial office space in this area as it has the client base businesses need in a suburban location which is often convenient for business owners, employees and customers.

There Is Plenty To Do In Hoffman Estates Which Attracts Residents and Businesses

For those who love to shop, this is the place to do so. With shopping areas/stores such as the Barrington Square Town Center, Cabela’s, Charter Bank Plaza, Forest View Plaza, Fountain Crossing and more, there are plenty of shopping centers to choose from in Hoffman Estates. Shops like World Market, TJ Maxx, Target, Cacique and so many more will make shopping a breeze here.

If entertainment is on your mind, Congo River Golf and Exploration, the Sears Centre Arena, Hoffman Lanes and Poplar Creek Bowl are some excellent places to start. Those who like outdoor recreation will find this Village to be the perfect locale as well. There are plenty of golf clubs in the area including Hilldale Golf Club, Bridges of Poplar Creek Golf Course and Highland Woods Golf Course. The Seascape Aquatic Center is extremely popular as well.

Whether you live or work here, you will need to eat out sometimes. Fortunately, great restaurants such as Great Harvest Bread Co., Jimmy John’s, Bistro Wasabi, Red Mango, Poplar Creek Grill and more are located in town to serve you meals throughout the day.

Leasing Commercial Office Space in Hoffman Estates Makes Sense

When searching for a Chicago suburb to open up your office space within and lease an office, this Village is a great choice. Many large, well-known companies are firmly situated in Hoffman Estates, including Sears Holding Corporation headquarters, AT&T Midwest headquarters and Mori Seiki American headquarters.

With that said, you don’t have to be a large corporate entity to fit well within the commercial framework. There are plenty of commercial spaces available for lease which are ideal for smaller, privately-owned companies. You can choose from shared offices settings or opt for entire office buildings, should your company require more room to set up shop.

Many of the spaces for lease are close to the interstate and only about 15 miles from the airport, which is important for companies which have a lot of business travel coming to and from the office.

Hoffman Estates is the perfect office location. The amenities are all around you, no matter where you lease your office in Hoffman Estates. Plentiful restaurants, stores and outdoor recreation options await you for when you are not in the office. The consumer base is favorable and you will find plenty of customers in the area in which to offer your goods and services to when you lease an office in Hoffman Estates.

The Importance of a Positive Work Atmosphere for Your Small Business

Everyone has their own ideas on how to grow a successful small business. Many business owners spend a great deal amount of money hiring consultants to help them achieve their small business goals, while the answer is often very simple. Employees who love their job, love their co-workers, and enjoy their office space atmosphere make for a positive work environment and a successful small business.

One of the biggest challenges with growing a small business is a high employee turnover. No matter the incentives that are offered, if an employee is unhappy with their job they will ultimately leave. This leaves small businesses with having to constantly train and educate new hires, which can significantly hamper the company’s growth and success. Thankfully, employee turnover can be decreased dramatically if you apply the following steps:

1. Happy employees can be contagious.

Employees who love their job create a positive work environment that can be magnetic to co-workers. An office space atmosphere that is filled with happy employees is a highly successful, non-verbal way of convincing a potential employee to want to join your company and stay long term. Positive energy in the workplace can be sensed and could very well be the sole reason a potential new hire decides to join your company instead of a competitor.

2. There is a reason they are called co-workers.

A co-worker should not be just someone you sit next to at work day-after-day but a support system when your job, or life in general, gets tough. They understand better than anyone the daily struggles that occur at the office. Co-workers that genuinely support one another add a great deal of positivity to an office space environment. With co-workers uniting as a team, there is an unlimited amount of success this could potentially bring your growing small business.

3. Allow time for breaks.

It is important to allow employees a 15-30 minute break during the day. Employees that have this short amount of time away from their desk will return more focused and refreshed than they were before. Studies have indicated that employees who take a 15-30 minute break are ultimately more productive throughout the day than employees who did not.

Employee retention is arguably the most important aspect of a growing business. A positive atmosphere in the office space is crucial to a developing small business. It certainly does not happen overnight, but with the right attitude, team members, and support of one another, the sky’s the limit.

Shadow Inventory – What Is It and How to Find It

Many Investors have been asking me about shadow inventory how much is out there and how to get their hands on it. Shadow inventory usually refers to the supply of homes that has not yet hit the market, but “hiding” in the background. In Real Estate this refers to foreclosures (REO or bank owned properties) or those close to the process.

Banks and mortgage loan servicing companies typically hold onto properties that haven’t seen a mortgage payment for 90 days and in some cases even 2-3 years.

Why do they hold on so long?

Banks hold on since it allows them to release their inventory over time to keep their books in check and also to provide that easy liquidation to stimulate the real estate economy when necessary. Banks will now be getting more money for those newly released properties, then say 2 years ago, due to the steady increase in home prices and low inventory levels. If they chose to release all at once, it would flood the market with “distressed properties” and bring down property values.

How much “Shadow Inventory” is still out there?

Foreclosures have been steadily declining since 2013 with the highest shadow inventory then at 2.2MM. According to the National Association of Realtors, there is still about 4 years still on the books and it is possible that we could soon see more!

More “Shadow Inventory”? Why? (HAMP) Home Affordable Modification Program

In 2017 and beyond, many homeowners may find it difficult to make their mortgage payments due to “resets” with HAMP thus pushing them into foreclosure. The government’s Home Affordable Modification Program provided temporary relief to borrowers during the housing crisis. These reliefs ended after five years and now payments will be “reset” thus causing loan payment increases for nearly 900,000 homeowners. Some of those are likely to find it difficult to keep up with the payments in our current economy.

Where do Investors find “Shadow Inventory”?

Forget about calling the loss mitigation department or asking the cashier at your Big Bank. They won’t be able to help you. Instead, savvy real estate investors can approach the REO departments of smaller regional banks, credit unions and portfolio lenders to find out what could be “lurking” in the shadows. This presents an opportunity to beat out the competition and purchase at greater discounts.

But my favorite way to locate “Shadow Inventory” is what I call “Driving forDollars”. Simply drive through areas that have high foreclosure activity and look for the white sticker posted on the front window or door of the house. This typically contains the information of the bank or asset manager of the property and their phone number. Give them a call and see where they are in the foreclosure process and if they’re ready to make a deal!

The NEW kind of “Shadow Inventory”!

There is a new kind of shadow inventory on the market these days and I’m not talking about the REO kind. Many successful agents have their own shadow inventory. If you’ve been in the business for an extended period and built up a clientele, these clients typically contact you well in advance of the property going on the market. You advise them of the steps needed to get the house ready to show which typically means doing repairs such as paint, carpet, landscaping, staging, etc. Therefore, there is a period of time before the property actually hits the market creating a different type of shadow inventory. Contacting your favorite realtor about this type of inventory can definitely increase your chances of finding that Dream home.