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May 11

I've walked several industrial and retail properties with potential tenants lately and am reminded each time that these properties have a tad more complexity due to the nature of those leases since they are typically NNN or CAM type leases.

Dec 01

Leasing space, whether that be office, industrial / warehouse, or retail space involves a lot of thought on the part of the tenant. If you're in the retail business, but need some warehousing, you might want to consider "flex" space. If you need a warehouse and are looking for low rent, make sure you don't need 3-phase power. All users have a priority list of needs - whether they've realized it or not. Let's discuss a few of those so your experience will be a tad more enjoyable.

Aug 04

We deal with a lot of people with various levels of experience leasing commercial property. Some people are going out on their own for the first time, others are with an existing company, but may be responsible for the leasing process for their first time, while others have been through the process and are competent in the process. Another factor at work, although rarely discussed, is how to work with commercial real estate agents. We're going to break it down to its essential elements in a series of blogs to help those people who need a little refresher.

Jul 21

People often ask if an owner / landlord would want / be willing to lease a space to them on a short term basis at a low rate. We can always ask an owner / landlord if they are interested in that type of offer, but before you do make that kind of offer, there are some things you should consider.

Jun 24

The local market remains somewhat volatile and different market areas & different property types have different responses. Overall, the commercail market remains steady and transactions - at least for us - remain good.

Jun 24

The goal of keeping your powder dry is to be ready to act when a financially viable acquisition becomes available. We've seen some excellent acquisition opportunities in the Boise - Meridian - Nampa - Caldwell - Eagle markets and investors need to act when those opportunities are available.

May 26

There are many mixed signals in the commercial real estate market in the Boise - Nampa - Caldwell market area. Inquiries on listed properties are down, but completed transactions are steady to rising and inquiries and transactions in areas outside of Boise are up.

May 09

I speak to building owners, developers, bankers, and tenants alike every day to get their sense of the local market. While there is no doubt we are experiencing market disruptions, most notably on the equities side of the house, there is quite a bit of quiet optimism out there. For those who have been through real estate cycles before, I see a lot of skilled eyes watching for the opportunities that are starting to show up.

Apr 18

The Boise Valley Commercial Real Estate Market Is In A Dynamic Situation. Many of the market segments are strong, but others are feeling the pinch of the economic slowdown. This is the time to rethink your marketing stragety and to differentiate your business. Don't get caught on your heels, but be on your toes. Not making a decision is more detrimental than making one. If you're in the wrong location, whether that be a physical location or with your business model, make sure you're taking corrective action.

Feb 22

Our observations, for the Treasure Vally, confirm that "commercial real estate follows roof tops."

Feb 13

BOMA Boise held it's 11th Annual Commercial Real Estate Symposium recently and all segments of the indutry seemed to report normal and healty conditions in the Boise and Nampa market. Absorption in the retail market was reported to have been over 1,000,000 sf, a record year.

Jan 13

Why your proposed tenant improvements (TIs) aren't as valuable to the Owner as they are to you, the Tenant. Many tenants ask to have the building owner participate in their TIs only to hear the owner doesn't see a continuing value in those improvements.

Dec 04

I've tried to explain to both building owners and to prospective tenants some fundamental rules as far as leasing in the Boise SMSA. I've explored ways for tenants to understand the way building owners often think about their offers. I'd also like to explore with building owners about how to treat their tenants. Sometimes I feel like building owners can forget that their often negotiating with small, conservative, new business owners who are concerned about the pitfalls of leasing. Owners often need to understand the paradigms of their tenants and need to work at a balanced relationship / partnership.

Nov 12

Along with my normal commercial leasing activities, I also do some pro-bono work to assist small business owners. In the past two months I've assisted two small business owners work through some very tricky lease issues. When you are working on commercial leases, make sure you get the assistance of a commercial real estate agent. You need assistance with typical commercial lease terms and conditions. Without experieinced assistance you may be making sub-optimal decisions.

Oct 17

I have a few minutes to reflect upon commercial real estate activity in the Boise Valley over this last month & about all I can say is "wow."

Entries 1-15 of 19
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Michelle Penick, Boise Idaho Real Estate Agent

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Michelle Penick

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