How is Chicago’s Commercial Real Estate Market Doing in this Economy?

Meet Your Commercial Real Estate Agent

OLIVIA CZYZYNSKI

Deciding to work with a real estate agent is almost comparable to accepting a new member into your family. You will be working closely with this person for the next several months, disclosing your thoughts, wants, needs, budget, worries and emotions…about this next business endeavor you’ve decided to move forward with. So you’ll want to work with someone you trust!

I have been a commercial real estate agent for the past three years, and some of the projects I have worked on have had listings lasting many months if not years. That means that during the entire time we work together, I will be in frequent contact with you so it’s best if we like each other! My working relationships have had their ups and downs, but luckily mostly ups. Some have led to great business contacts and a few have even led to wonderful friendships outside of work. I think it’s important to build a good working rapport and learn to create good communication between each other. When we work together, we ultimately become partners working towards achieving the same goal. My job is to pursue your best interests in your real estate endeavors, otherwise I’m not doing my job.

To put you at ease and introduce myself, I’ll tell you a little about me. I come from a Polish family that is still very culturally involved with its roots. I speak, read and write Polish fluently and am very close with my very large family. I’ve lived and grown in Chicago but have traveled all over the world and feel that I have a good understanding of lifestyles that are not like my own. I lead a very active lifestyle. I train and run several marathons a year while fundraising for the Leukemia and Lymphoma Society and two of my greatest passions are being involved with the Harley Davidson community as I own my own motorcycle, as well as rock climbing. I have also been learning how to surf during my many visits to California and Florida. I never pass the opportunity to try something new and I am a firm believer that the more I learn the more that becomes me.

I am very career oriented and find great enthusiasm for the commercial real estate industry. I am experienced in representing both landlords as a leasing agent for properties ranging from 10,000 sq. ft to over 80,000 sq. ft. as well as tenants as a tenant representative with office, retail and industrial leases. I have done work in office sales representing buildings over 10,000 sq. ft. and have participated in commercial auctions. I am relentless in my canvassing and studies of the market and industry and enjoy what I do. I find a pleasure in meeting and networking with people, respect and appreciate the magnitude of the products (properties) I lease and sell, respect and pursue my client’s best interests, and am aggressive in my career goals. I believe in professionalism first and foremost, but like the idea of including creativity in projects and appointments. My efforts are dedicated to your project and my work!

If you would like to learn more about my services with DK Realty Partners, please feel free to contact me at 847.397.8900 ext. 226 or olivia@dkrealty.com

How is Chicago’s Commercial Real Estate Market Doing in this Economy?

Posted on March 14, 2009 by Olivia Czyzynski

Honestly, not so good. Out of 57 markets surveyed by Real Capital Analytics, Chicago ranked 40^th.

First came residential decline…and now commercial. We began seeing a fall in commercial real estate sales and an increase in vacancies toward the end of 2007, only to continue through 2008 and the beginning of 2009. When will it steady? Only time will tell. At the end of 2007, most investors began seeing a 1.2% decline in the price of their purchases. The metropolitan vacancy rate increase to 15.2% and industrial grew to 8.6%.

“User demand is soft, and there is an oversupply of new construction,” said John Joyce, a senior director with Cushman & Wakefield Illinois Inc.

“For the first time in several years,” he said, “tenants in the market now have the advantage.”

To read more, visit www.chicagotribune.com

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Filed under: Uncategorized Tagged: | Chicago, Commercial Real Estate Market, economy, Vacancies

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Commercial Real Estate

The purpose of this website is to help you find office space in Schaumburg, Illinois and the Chicagoland area, as well as understand commercial real estate and how it applies to you, your business or your company. Here you can find all the categories that constitute the industry, and focus on learning about leasing or purchasing and finding the most suitable office space for you with the best concessions available.

This website is affiliated with DK Realty Partners, a full service commercial real estate firm specializing in negotiated sales, live-call auction sales, sealed-bid/tender sales, finding investments for you, property management, leasing, sales, tenant representation, asset management, consultation, and tax deferred exchanges. You can visit us at www.dkrealty.com.

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