Matt Mellott, Advisor It’s official – the warehouse and industrial real estate market is feeling the impact of onshoring. You may be asking: on-what now? Onshoring is a recent phenomenon in which manufacturers and distributors are bringing their products — and distribution networks — back to the United States in response to recent transportation shocks and …
Connor McMahon, Advisor With economic ripples extending across the national economy, retailers can face new challenges. But, there are several ways that retail landlords can give tenants a boost: Offer flexible lease terms: Landlords can offer flexible lease terms, such as shorter lease lengths or the ability to renew the lease early, to help retailers adapt …
5 Tips: Supporting Retail Tenants in a Rocky Economy Read More »
Adaptive reuse is the process of transforming a building or space from one use to another. This process often involves extensive renovations. Renovations may include moving walls, installing new plumbing and electrical, and adding insulation. The result is a living space that combines the character of the existing building with the amenities and features of a …
From Commercial to Residential: Top Tips for a Flip Read More »
Matt Mellott, Advisor Tenants of commercial real estate often ask us questions about terms they see in their leases. One we hear often is: what’s the difference between a triple net and absolute net lease? Let’s start with a triple net lease. This is when a tenant agrees to pay all three of the property’s expense …
What the What? Triple Net vs. Absolute Net Leases Read More »
Lana Miller, Sterling Commercial Management Property Manager A good tenant in a commercial space is worth their weight in gold. To ensure a positive landlord-tenant relationship, here are a few tips. Communication is key. It’s important to set expectations for how work orders will be submitted, received, and responded to. Get everything in writing. No oral leases are …
Top Tips for a Great Commercial Tenant/Landlord Relationship Read More »
Kara Hogan, Advisor If your small business isn’t so small anymore, you may need to consider moving out of your garage and into a commercial space. That’s especially important for personal service providers like braiders, therapists, lash technicians, and massage therapists. But signing a five-year lease can be a big leap of faith inyour future. …
Ryan Springer, CCIM As economic conditions deteriorate and rate hikes start impacting the bottom line for many businesses, lease default becomes a very real fear for landlords and tenants. Whether you’re a tenant or a landlord, finding a solution becomes imperative when a default is looming – or has already occurred. The most important thing …
Kara Hogan, Advisor As a property owner, it’s important to be aware of lease terms that can potentially hurt your revenue in the long term. In a multi-tenanted building with common area spaces, account for the shared spaces through a load factor (find out how to calculate load factor step-by-step here). The leasable square footage should take into …
Skip These Risky Lease Terms and See What Works Better Read More »
As the world continues to recover from the pandemic and global recession, retailers and brands are looking to 2023 with renewed optimism. Despite the challenges that the past few years have brought, industry professionals expect that the next year will bring new opportunities for businesses to adapt and grow. According to Shelley E. Kohan at …
Missoula’s multifamily market entered 2023 with a vacancy rate of 2.91%. Vacancy rates have edged up through 2022, rising almost a full percent in the fourth quarter. Most available units are located in the Mullan and Reserve submarket, where most of Missoula’s new housing construction is ongoing. The average Missoula apartment asking rent is $1,333.90 …
Will Missoula Renters Catch a Break? Apartment Vacancy on the Rise Read More »
"*" indicates required fields
