Below is our recent interview with Daniel J. Hyman, the President at Millennium Properties R/E:
Q: For our readers, can you tell us a bit about Millennium Properties R/E and what you do?
A: Millennium Properties R/E is a full-service real estate brokerage and property management firm based in Chicago, Illinois. We specialize in helping clients buy, sell, and lease commercial properties, including retail, office, industrial, and multi-family properties.
The company was founded in 1996 by two industry veterans with a vision of creating a boutique real estate firm that focused on delivering personalized, high-quality service to clients. Today, our team of experienced agents and staff who are dedicated to helping clients achieve their real estate goals. Our deep understanding of the Chicago real estate market helps clients navigate the complex world of commercial real estate.
Q: What are the strengths of your services that set your company apart from competitors?
A: Millennium Properties is known for extensive experience and expertise: we’ve been operating in the Chicago real estate market for over 25 years, and our agents and staff have a deep understanding of the local market. We are also a boutique firm that focuses on delivering personalized, high-quality service to each client and take the time to understand our clients’ unique needs. Lastly, we offer a wide range of services, including property valuations, contract preparation, closing coordination, leasing services for landlords and tenants, and property management services for commercial properties.
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Q: How have the past two years changed your business?
A: The pandemic had a significant impact on the entire real estate industry. Mainly, we noticed changes in buyer preference and fluctuating market conditions. The pandemic has led to changes in the types of properties that buyers are interested in, such as more interest in outdoor spaces and larger homes. We have had to adapt their interests to highlight properties that meet these new buyer preferences. There have also been fluctuations in the real estate market, with some areas experiencing price increases while others see declines, requiring us to review pricing strategies to reflect these changes in the market.
Q: Looking ahead a year, what’s the biggest change you expect in real estate and how are you preparing for that?
A: One of the biggest changes to expect in real estate is the increased use of technology. Our real estate professionals are becoming comfortable with using technology to manage assets, such as virtual showings, online document signing, and digital marketing. This brings seamless, streamlined experience to our clients. Any real estate professional should stay up to date with the latest technological advances and trends in the industry, involving attending conferences, webinars, and seminars, or networking – whatever it takes to gain an advantage.
Q: What’s one thing to know about the Chicago real estate market that would surprise people?
A: One thing that might surprise people is that it is more affordable than many other major cities in the United States. While the cost of living in Chicago can be high, the real estate market is relatively affordable compared to other major cities like New York, San Francisco, and Los Angeles.
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Q: What is the best thing about Millennium Properties R/E that people may not know?
A: We have a strong commitment to sustainability and environmentally responsible real estate practices. We are a member of the U.S. Green Building Council and promote sustainable building practices in the properties they manage. We offer a range of sustainability-focused services, such as energy-efficient upgrades, LEED certification consulting, and sustainable building management practices.
Q: Last question, either personally or professionally, what’s your favorite thing about real estate in Chicago?
A: Chicago is known for its diverse neighborhoods, each with its own character and charm. There are a variety of cultures and personalities engrained in Chicago neighborhoods which provide a unique allure. Going along with that is the abundant history and beauty in Chicago architecture.Activate Social Media: