13-Step Lease Process – A Free Guide from Miller Industrial Properties0

Posted by Thomas Miller, CCIM

miller-industrial-properties-free-guide-lease-processThe process of leasing industrial or commercial space is complex, and it can quickly spiral into a tedious, stressful and disruptive experience. Understanding the process before diving in is a savvy way to familiarize yourself first, which is why we offer our free guide, 13-Step Lease Process. If you’re involved in an expansion or relocation to northern Nevada, or if you’re considering leasing industrial or commercial space for the first or fifth time, our guide is worth the read. … Read more →

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How to Find an Industrial Real Estate Agent Across the Country0

Posted by Thomas Miller, CCIM

miller-industrial-properties-finding-agent-across-countryLet’s say your business is expanding to a market that will help you take advantage of a business-friendly environment, skilled workforce and strategic location. We’re talking about northern Nevada, but regardless of where you’re heading, this is clearly a time for the guidance and expertise of a qualified – and local – industrial real estate agent. It can be challenging finding the right agent under the best circumstances, but that challenge is greater outside your own turf. Read on for our tips to help you find an industrial real estate agent across the country.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.

Renewing Your Commercial Lease in 2018? Changes Are In Store.0

Posted by Thomas Miller, CCIM

miller-industrial-properties-renewing-commerical-lease-2018If your commercial lease will be renewed in 2018, tenants need to start to prepare now for what’s in store for them. The real estate market has dramatically shifted, and landlords are positioned to extract the most benefit out of the new conditions. Tenants wh0 are not well prepared for the renewal process may find themselves shocked when they learn what’s in store for them. The lease renewal process has shifted gears, and only tenants who have prepared themselves for the changes in the renewal process should plan to navigate the renewal transaction with minimal disruption to their financial plans and budgets in the future. … 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 to Ask During Your Industrial Real Estate Agent Interview0

Posted by Thomas Miller, CCIM

miller-industrial-properties-what-to-ask-during-agent-interviewSince industrial real estate agents (and commercial and residential agents, as it happens) aren’t all guaranteed to perform beyond, or even at, your expectations, an interview is always a wise move. Start by asking around for a few recommendations, look online to see who shows up, set up your interviews and then make sure to bring some notes. Here’s what to ask during your industrial real estate agent interview.
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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.

Four Reasons to Make Miller Industrial Properties Your Industrial Real Estate Firm0

Posted by Thomas Miller, CCIM

miller-industrial-properties-northern-nevadaMiller Industrial Properties has differentiated itself in the industrial real estate market of northern Nevada for more than twenty years. Here are four reasons you should consider Miller Industrial Properties first if you’re considering purchasing or leasing industrial real estate in our 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.

What Does an Industrial Real Estate Agent Really Do For You?0

Posted by Thomas Miller, CCIM

peeps7If you’re like many people, you may have asked yourself what an industrial real estate agent actually does for the client. With so much information readily available on the Internet these days, it seems easy enough to manage property searches by yourself – and isn’t that a big part of it? It’s true to a certain extent, but there is so much more that a professional industrial real estate agent can and will provide. … 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.

Northern Nevada Industrial Real Estate Market Breakdown – January 20150

Posted by Thomas Miller, CCIM

Miller Industrial Properties - Northern Nevada's Commercial Real EstateAt seventy-five million square feet representing about 2,000 locations and their subdivisions, there’s a lot to the northern Nevada industrial real estate market. That’s why we prepared a free snapshot that shows its breakdown. It’s the kind of invaluable information that any warehouse user or investor needs to have to be truly successful, for a very key reason. … 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.

Dare We Say It? Northern Nevada’s Industrial Real Estate Market Turns the Corner0

Posted by Thomas Miller, CCIM

Northern Nevada’s Industrial Real Estate Market Turns the Corner

Since 2008, we have heard positive economic predictions that have flopped time and time again. The fallout of those sadly mistaken forecasts was that over the past few years, no one dared to make any “We’ve turned the corner!” predictions. Until now, that is, because northern Nevada’s industrial real estate market really has! Onto the proof:

  • Through 2013, we have had excellent market activity approaching record absorption rates. Certain market size segments are all but unavailable, with only two locations remaining for 200,000 sf and up, and nothing available for 400,000 sf and up. The ‘big box’ market segment has already experienced raising rents in the 15% range due to the final few transactions realizing supply/demand economics. Furthermore, next quarter has already logged in some substantial deals and we are looking for a sixth consecutive quarter of decreasing vacancy.
  • Another factor is that in previous quarters, positive absorptions were balanced by firms downsizing or moving out of the market. This had the effect of keeping the area’s net absorption rate modest, maintaining overall vacancy high and keeping rents low. The recent strong net absorptions are signs that overall economic recovery is gaining footing.
  • Another observation is the return of the midsized transaction, defined as the 30,000 to 60,000 sf sized user. I characterize these firms as the small to midsized firms with a base operation on the East Coast or in the Midwest. These firms have been servicing their West Coast clients via truck freight. Now we are seeing these firms coming back into the market to build their Western presence, cut freight costs and improve delivery times to their eleven Western state customers. I view it as a very positive sign that these smaller firms feel confident enough with their mid and long range business models to use resources to expand in this way.  

The year is shaping up to the point that it should become the one we can point to and say, “After seeing the all-time market lows, 2013 saw the beginning stages of recovery in this economic cycle.” If the current trends continue, we should be seeing new industrial real estate ‘big box’ products built on speculation by early 2014. Rents should be able to bridge the gap to allow a reasonable return on investment, and we will be moving ahead to a balanced market where landlords are no longer required to be the last man standing to secure a lease transaction. And because all boats rise together on the tide, that’s the type of market that will benefit both landlords and tenants alike.

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.

Aramark Uniforms works with Brad Lancaster for Renewal of Sparks Location Lease0

Posted by Thomas Miller, CCIM

Aramark Uniforms, a national based firm with locations in all 50 States, worked with Brad Lancaster of Miller Industrial Properties in the renewal negotiation of their Sparks, Nevada location at 655 Spice Island Drive.Aramark Uniform Services Logo

Brad Lancaster - Miller Industrial Properties

Brad Lancaster, Vice President

Career Summary
Brad has been working full time in the commercial real estate business since June of 2007 and joined the Miller Industrial team in April of 2009 to focus exclusively on the Industrial segment of the Commercial Real Estate industry and assist the firm with it’s aggressive growth strategy. Brad is consistently providing excellent client services, benchmark market knowledge, and highly effective guidance to support Investors, Tenants, Buyers, Landlords, Sellers, and Developers in reaching their business goals.

Read Full Biography

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.

History of Miller Industrial Properties0

Posted by Thomas Miller, CCIM

Miller Industrial Properties - Find Industrial Property in Reno and Northern Nevada

Miller Industrial Properties has specialized in Industrial Real Estate in Northern Nevada since 1991. 15 years prior to that, we built warehousing and manufacturing facilities for firms moving into Nevada.

This background gives us unparalleled market knowledge that benefits our clients though significantly streamlining the relocation / expansion process. We can assist our clients into the right property at the right price, quickly.

Our time in business and our numerous successes stands as a testament to our high professional standards, attention to client needs and ability to perform.

 

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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