Missed Missoula MarketWatch 2023? Read on for a quick snapshot of the office, retail, and industrial sectors. The SterlingCRE team noted that Missoula’s commercial real estate sector is still active, with interest on both the sale and lease sides – but, there are challenges ahead for every asset type. Missoula’s commercial real estate market is […]
Market Update: Missoula CRE in 2023 Read More »
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
Montana Positioned to Benefit from Onshoring Read More »
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 »
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 categories in addition
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 »
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. Instead, consider a
Scaling Your Business Doesn’t Have to Be Scary Read More »
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 in any default
The Agony of Default Read More »
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 account any storage
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
Add to Cart: Montana Retail Trends 2023 Read More »
