
Posted by: Beckie Lewis
Hospitality Specialist

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??...read more





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