Cawley Chicago Property Management manages 64 buildings totaling over 6,000,000 square feet. Our management expertise includes the following asset types; office, industrial and retail space. Our experienced property managers and expert accounting staff creates a client experience that ensures worry free occupancy and on time payment of rent. Working hand in glove with ownership, leasing, and capital markets, we ensure owners create value for their assets, maintain value of their assets, and when appropriate monetize the value of their assets.
A commercial property manager is responsible for overseeing and managing non-residential properties like offices, retail spaces, warehouse facilities, shopping centers and industrial buildings to ensure their current and future value. Commercial property managers are tasked with all the responsibilities of operating an income-producing property.
Commercial property management involves being able to prioritize and execute a wide array of endeavors. Their duties might involve leasing and managing the property, providing timely maintenance and repair services, and ensuring the property is kept in a condition that meets the standards of local laws and regulations. They may also be responsible for managing the property’s finances, such as collecting rent, budgeting, and maintaining records. Commercial property managers may also handle tenant relations, coordinate advertising and marketing campaigns, and provide regular reports to the property owner(s).
Generally speaking, most commercial property management fees range from 4-12% of the gross monthly rent. However, the cost of commercial property management services can vary greatly depending on the complexity of the property, the particular services being requested, and the company you choose. Other factors to consider include:
In general, if a small business owns or leases a commercial property, whether it be an office space, a warehouse, or retail space, it may be beneficial to hiring a commercial property manager to help oversee the property. Again, a property manager can help your small business by providing essential services like maintenance, rent collection, supervising renovations and repairs, negotiating leases, conducting market and financial analysis, handling tenant complaints, creating budgets, and keeping small businesses up-to-date on laws and regulations that may affect your business. Essentially, a property manager can provide small businesses the peace of mind that you have an expert looking after your business.
Cawley Chicago’s Property Management Team has over 25 years of Construction Management experience. During 2019 we had over 89 projects totaling more than $9.7 million in aggregate. This includes individual projects that range in scope and size from $5,000 to over $1,000,000. We pride ourselves in looking for ways to value engineer all projects to control costs for our clients. We closely manage the process to ensure projects remain on schedule. Project delays cost everyone money and we remain focused to eliminate that as an issue.
There is no substitute for one on one communication and quick response to the tenant’s request. Cawley Chicago Property Management’s professional staff are taught to over communicate and to be visibly active at the property. They commit to clear and easily communicated reporting for our Property Management clients. All of our services function under the same communication edict.View Team