A Guide to Tenant Improvements for the Industrial Client0

Posted by Thomas Miller, CCIM

tenant-improvementIt is a rare occasion that a tenant will find a large industrial property that works for them in “as-is” condition. Most long-term industrial leases include what we refer to as tenant improvements, or TI’s. If you’re in need of an industrial facility, bookmark this page for future reference. … Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

An Update on Fixed Cost Operating Budgets in Northern Nevada0

Posted by Thomas Miller, CCIM

miller-industrial-properties-for-lease-sale-northern-nevadaIn the month of May this year alone, I spent hours touring commercial properties with firms that have been shocked with their lease renewal offers. In some cases, renewal offers have increased rents by 25 to 30 percent – and this is on top of annual rent increases of three percent during the prior term of the lease. Certainly, this type of unplanned expense can create havoc with a company’s fixed costs projections and negatively impact profitability. Let’s look into how this can happen and how you can help protect yourself from it happening to you. … Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Three Reasons to Avoid the DIY Approach to Industrial Real Estate0

Posted by Thomas Miller, CCIM

dont-diyThink about all the times you made a bad decision. You can probably chalk them up to inexperience or a lack of specific knowledge. If you had the guidance of something skilled and knowledgeable, might the outcome of those experiences been different? Probably so. The truth is, we’re not all experts in everything, and there are times when our smartest move is consulting someone who is. Almost always, buying or leasing industrial real estate falls into that category. Here are three reasons to avoid the DIY approach to industrial real estate.Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Industrial Real Estate Terminology – The LOI and the RFP0

Posted by Ali Forma

miller-industrial-properties-northern-nevada-industrial-real-estate-questionsYou’ve toured warehouses all over town and now you’ve landed on one or two that you can really envision your company flourishing in. What next? As if narrowing down the list was not cumbersome enough, now you’re faced with figuring out how to seamlessly lock the space down. In this landlord’s market, building owners are getting multiple offers on their spaces. If you have your heart set on a property, you need to let them know that you mean business. Here’s how to do it. … Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

The Mistake Everyone Makes When They Lease an Industrial Property0

Posted by Thomas Miller, CCIM

miller-industrial-properties-navigating-landlord-tenant-relationshipPeople learn by making mistakes, and the smartest among us learn from the mistakes of others. Once, I was asked about the biggest mistakes people make when they lease an industrial property. In all the years I’ve spent designing, building, leasing, and selling industrial real estate, this is by far the best question I’ve ever been asked. And the answer, surprisingly enough, is very simple. … Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Industrial Real Estate FAQ in Northern Nevada0

Posted by Thomas Miller, CCIM

FAQsIf you happen to be searching industrial real estate FAQ for northern Nevada, you’ll find multiple hits from Miller Industrial Properties right at the top of the search results. And yet, Miller Industrial has no standard FAQ page. Here’s what we do have, and why we rank so highly for that search term.

Industrial real estate is our business. And we found that a standard FAQ page was too limiting for our decades of experience and knowledge. To better help those in search of industrial real estate information relevant to northern Nevada, we organized all of that knowledge into categories. Visitors will find information relating to our services, northern Nevada in general, and a page dedicated to the valuable data and content that we share at no charge. … Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Industrial Building Classifications Explained0

Posted by Ali Forma

miller-industria-properties-warehouse-classificationsIf you are in the process of leasing or buying an industrial building or space, you may hear agents or property managers referring to building classifications. It is important to understand these classifications when discussing budget, criteria and use. Class A buildings sound amazing, but you probably won’t need one if you’re a start-up machine shop. And, conversely, Class C buildings are more affordable, but if you need to set up a laboratory or clean room, you’ll likely have to pass. Here is a quick explanation of the three main classifications.
Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

What’s Smarter – Buying or Leasing Industrial Space in Northern Nevada?0

Posted by Thomas Miller, CCIM

miller-industrial-properties-buy-or-lease-industrial-real-estateDetermining whether renting or leasing industrial space in northern Nevada is the smarter move for your business depends on a number of factors. The easiest way to make the right decision is with an in-depth analysis conducted by a real estate professional who will deliver the results in a clear and organized report. But understanding the advantages and disadvantages to the process of both buying and leasing in northern Nevada is a step in the right direction.Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Your Single Best Resource When You’re Deciding Industrial Lease Length0

Posted by Thomas Miller, CCIM

miller-industrial-properties-renoThere are multiple decisions to be made during your industrial real estate transaction, and one of the most challenging is relating to the length of your lease. There’s no single right answer that will apply in every scenario, but there is a way to hedge your bets before you make a final decision. Your single best resource when you’re deciding industrial lease length is the experience of your agent. Here’s why. … Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

A Slow Start to Northern Nevada’s Industrial Real Estate Performance in 2018?0

Posted by Thomas Miller, CCIM

miller-industrial-properties-reno-market-performance-q1-2018Miller Industrial Properties maintains a comprehensive database of industrial real estate data in northern Nevada, and we share that information quarterly for the benefit of our clients and community. 

The first quarter of 2018 yielded the fewest completed industrial real estate transactions in quite some time. The market saw just about one half of the number of deals completed in the first quarter of 2017, and only about one third of deals completed in the third quarter of 2017. Gross absorption is a direct measure of demand, which begs the question – does this dramatic change indicate a cooling of Reno’s overheated industrial real estate market?Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

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