Thursday, March 18, 2010

Chasing Spiraling Rents is a Slippery Slope

Beckie Lewis - Hospitality Division

Posted by: Beckie Lewis
Hospitality Specialist
775 336 4647

Prior to entering the commercial real estate market, Beckie enjoyed a career in Commercial Lending and Private Equity Lending. Beckie enjoys creative thinking and problem solving which allow her to approach real estate sales in a refreshing manner. Having grown up in the development & hospitality areas in Montana, Beckie was drawn to the Hospitality Specialty with NAI Alliance. She is currently paving the way for this newest specialty at the firm.

Chasing Spiraling Rents is a Slippery Slope:

In the last 18 months vacancies have continued to decline in hospitality and multifamily properties alike. Migrant workers in the construction industry as well as many other families, who suffered job losses and had no prospects for employment, have simply left Reno and the state of Nevada in general. Multi tenant property owners and managers are now faced with the ever increasing challenge of keeping stringent tenant criteria with the need to maintain an occupancy rate that makes sense and services operating expenses. It can often feel like a game of cat and mouse or catch rather than business strategy, but like all games, in order to win you must deploy a winning strategy.

Where have they gone, where did they go?? more
Download a copy of the NAI Alliance Northern Nevada Hospitality News for March 2010 today.

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