Benefits of an Industrial Build to Suit Manager in Northern Nevada0

Posted by Thomas Miller, CCIM

build-to-suitLast week, we shared a few highlights from our second quarter Market Advisor, including the ongoing interest of outside investors to pour capital resources into northern Nevada. One of the side effects of demand in today’s market is a shortage of available locations. The solution? Building to suit. There are three general approaches to build-to-suit projects, one of which includes a design-build manager. Here’s why that’s important. … 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.

Building to Suit in Northern Nevada? Read This First.0

Posted by Thomas Miller, CCIM

miller-industrial-properties-building-to-suit-strategies-for-success

With a rebounding economy comes a shortage of locations for new business. It makes sense then, for businesses to consider the wisdom and value of building to suit. We discussed the value of a design-build manager in a previous post, and now we’ve created a download intended to educate those investigating build-to-suit projects. … 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.

Building to Suit? Here’s Why You Need a Design-Build Manager0

Posted by Thomas Miller, CCIM

build-to-suitAs the economy continues to rebound and new building is now strong again, many Western markets are experiencing a shortage of available locations for new business. Northern Nevada is no exception, and with  space becoming limited, an alternative is to build. In the build-to-suit world, there is the traditional approach, the aggressive approach, and the strategic approach. When the goal is a streamlined process, significantly reduced project costs and an excellent facility that offers real value to its owner, here’s why the strategic approach – the one that involves a design-build manager – is the most successful. … 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.

Considering Build to Suit? Consider a Build to Suit Consultant Too0

Posted by Thomas Miller, CCIM

build-to-suitWith Tesla, Apple Switch and others continuing to move into the northern Nevada industrial real estate market, the market has established itself as being in full recovery mode. This is very good news for our economy in general and especially welcome to landlords and developers. Prices have been steadily rising as interest continues. Vacancy is falling as space is absorbed at a fast rate. Tenants should continue to find adequate supplies of space options available within the market, but some specific size ranges are becoming more of a challenge. Developers are reacting by breaking ground on new projects that will be offered for lease. So everything is rosy, right? Well, not so much in all cases.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.

Ten Commandments of Build To Suit Projects0

Posted by Thomas Miller, CCIM

build to suit signNow that the economy is coming back to life, we are seeing companies buying up the remaining killer deals that still exist on vacant buildings. These opportunities are being closed at rates that are a slight fraction of replacement costs – in some instances, 25% of replacement estimates. However, these vacancies are rapidly becoming recorded into history where they’ll be remembered with the comment, “Can you believe when we could have bought a building for (insert low price here)!” Soon, these days will end. In some areas, they already have. … 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.

Tight space may slow industrial growth – Northern Nevada0

Posted by Thomas Miller, CCIM

Written by: Rob Sabo, 11/12/2012
Northern Nevada Business Weekly

Empty Stead Building - Northern Nevada
Northern Nevada’s lack of vacant top-tier industrial space soon could lead to a loss of business for the region — but even so, don’t expect to see developers mobilizing to begin construction of speculative buildings anytime soon.

Instead, developers are waiting — ready with plans drawn and approved — for potential tenants to come aboard before breaking ground on any new construction.

Despite having just a few class A industrial buildings in the market that can accommodate new businesses seeking 250,000 square feet or more, developers won’t begin new construction until market rents increase by as much as 30 percent, says Tom Miller of Miller Industrial Properties.

The economics don’t work at today’s market numbers,” Miller says. “We are 25 to 30 percent below where we need to be to make the hurdle for any kind of investment return — and a 30-percent jump in rental rates isn’t predicted in the real near term.

Once the three vacant large industrial properties in the Sparks, Stead and Tahoe Reno Industrial submarkets fills, commercial brokers and economic development officials will have to adjust their pitches to lure new businesses to northern Nevada. (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.

Commercial and Industrial Properties Commercial and Industrial Properties Commercial and Industrial Properties Commercial and Industrial Properties Commercial and Industrial Properties