5 Tips: Supporting Retail Tenants in a Rocky Economy
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 […]
From Commercial to Residential: Top Tips for a Flip
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 […]
What the What? Triple Net vs. Absolute Net Leases
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? Triple Net (NNN) Lease In a triple net lease, tenants agree to pay the three primary property expense categories—property taxes, insurance, and operating […]
Top Tips for a Great Commercial Tenant/Landlord Relationship
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 […]
Scaling Your Business Doesn’t Have to Be Scary
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 […]
The Agony of Default
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 […]
Skip These Risky Lease Terms and See What Works Better
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 […]
Add to Cart: Montana Retail Trends 2023
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 […]
Montana CRE 2023: Expert Projections on What’s Next (and Should You Worry?)
Predictions for Montana CRE in 2023 + Development Notes In 2023, Montana CRE investors, owners, tenants, and developers are seeking answers after a volatile year. As we look ahead, here are trends we predict will shape the commercial real estate market in Montana. Knowing what’s next can help guide smart decisions about your next Montana […]
E-Commerce Giant Amazon Lands in Missoula, Montana
https://www.youtube.com/watch?v=RjDQMAzRiyg The SterlingCRE Advisors team was thrilled to work with Amazon to secure their first Montana facility in Missoula. We’ve gotten one question a lot. Why wasn’t it announced that this was going to be an Amazon warehouse early on, during the permitting process? It’s a good question, with a short answer. During permitting, Amazon […]