Desk of Jeffrey Lowden

Tenant Representation

  From the desk of Jeffrey Lowden Tenant Representation As more of California moves to the N Nv area, Sky West is assisting business to reposition and / or expand. If you know of a company looking to move into town or are currently here and need to find space to expand, we are here to help. Sky West prides itself on Tenant Representation. Some of the transactions that Sky West has done include: Golf Lab Native American Wellness Easy Lift Doors Peerless Cleaners Summit Consulting Harold Stark Fitness Rachel Turnage…

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Desk of Jeffrey Lowden

Reno 2018 mid year market report

From the desk of Jeffrey Lowden Question: Vacancy Rates are going down. Are we in a Landlord or Tenant driven market? Answer: Tenant Rent increases, Construction starts, Land price appreciation Most of the markets we are working in are seeing buildings starting to fill (tenant market transitioning to a Landlord market), construction costs up and Landlords driving lease rates up. Vacancy Rate (Sub Mkts) Lease / Rental Rate Sale Price Per Foot Reno Office 7% – 8% $1.20 – $1.75 $56 – $200 Reno Retail 6.5% – 9% $1.30 –…

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Desk of Jeffrey Lowden

Getting into Real Estate

FROM THE DESK OF JEFFREY LOWDEN Here are some basic motivational tips to help you be successful as a new agent or commercial real estate broker. We have used these concepts for years and THEY ALL WORK. The key to making a lot of money in commercial real estate is CONSISTENT WORK EFFORT and ETHICS. 1. Referrals & Past Clients. You work hard to take care of clients. Whenever you complete a successful deal, ask everyone involved to refer you to others they know who might need help. This can…

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Blog Desk of Jeffrey Lowden

New Clients

From the Desk of Jeffrey Lowden To: Clients, Brokers, Tenants, & Friends Welcome to the “Biggest Little City in the World”, Reno, Nevada. This little city is not so little anymore, and we are now on the World Stage being recognized as one of the Fastest Growing Cities in the United States. Our little 500,000 population is supposed to DOUBLE in the coming 2 to 3 years, and we simply cannot handle the demand/growth. Over 150 new companies have relocated to the Northern Nevada region within the last 3 years,…

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Blog Desk of Jeffrey Lowden

Expert Contributor: Sky West on Local Land

I wanted to share with our readers the growth corridors and what is happening in the Reno/ Sparks land market. When I came back to Reno in 2009, there was about 35,000 acres of developable land left in the Valley. Today, that is far less as we have seen the “land grab” taking place from the Tesla Effect. Additionally, EDAWN and our economic development counsels (NNDA, NBC, WIN, etc.) have done a great job to promote our area and drive new businesses into town. West Reno – There are significant…

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Blog Desk of Jeffrey Lowden

Reno Real Estate Update from Jeffrey Lowden

From the Desk of Jeffrey Lowden: I wanted to share with our readers the growth corridors and what is happening in the RENO  / SPARKS land market. When I came back to RENO in 2009, there was about 35,000 acres of developable land left in the Valley.  Today, that is far less as we have seen the ‘land grab’ taking place from the ‘TESLA AFFECT”. Additionally, EDAWN and our economic development counsels (NNDA, NBC, WIN, Etc.) have done a great job to promote our area and drive new businesses into…

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Blog Desk of Jeffrey Lowden News Press and Media

Reno’s Housing Sky is Falling – What You Need To Know

From Mike Kazmierski at Reno Gazette Journal I hate to sound like Chicken Little, but this is not a new message.  In July of 2015, yes over 18 months ago, I wrote an article titled, “The Impending Housing Crisis”.  That article talked about the 50,000 new jobs we were expecting in the region and the 30,000 to 40,000 new housing units we would need to accommodate that growth.  According to the Bureau of Labor Statistics, we have added more than 20,000 new jobs since then, but added just 4,000 new…

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Desk of Jeffrey Lowden For Sale Listings News

[For Sale] 4 Units Mixed Use at 620 Ryland in Midtown Reno, NV

Mixed-Use Commercial Property FOR SALE: 620 Ryland Reno, NV 89502 (Mid-town. Adjacent to Juicy’s Hamburgers.) This Is A Mixed-Use Property,  With a 900 Sq Ft Commercial Building (In Front) And 3 Rental Units (In Back).  New sewer, New hot water heaters installed. The Commercial Building, which was constructed in 1961, also has a new roof. The double brick construction of The Rental Units adds to their low maintenance. The Rental Units have unfinished basements, which is not included in the square footage. -Year Built 1931. -Newly remodeled. -Stable long term…

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Desk of Jeffrey Lowden News

[For Lease] 675 Sierra Rose Drive – Executive Suites / Office Spaces Available

QUAIL EXECUTIVE SUITES: 675 Sierra Rose Drive Reno, NV 89511 (Behind Lowe’s – On Neil Road/McCarran) Full service office space: -Individual suites: 250 Sq. Ft (and up) available. -Furnished. (Upon request) -Shared conference & kitchen area. -Fax/Copier machines included. (Small fee) -Park/recreational setting, putting green turf back yard. -Security monitoring 24/7. -Full time maintenance & secretarial services available. -FULL SERVICE, Class A, Gross Lease, including power & janitorial services.   Please call Jeffrey Lowden for lease/rate information and schedule your tour today!   “Working harder for you”. Jeffrey Lowden, Broker…

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Desk of Jeffrey Lowden News

CA, CONSTRUCTON JOBS – From the desk of: Jeffrey Lowden

  NBC PROGRESS NEWSLETTER RENO/CARSON AREA   STAY CONNECTED   In 12-Month Period, State Adds 30,900 Construction Jobs        published on-line by the San Diego Business Journal, October 23, 2016. Author: Sarah De Crescenzo   In 12-Month Period, State Adds 30,900 Construction Jobs  California led the way for U.S. states in adding construction jobs in the 12 months that ended in September, according to analysis of Labor Department data released by the Associated General Contractors of America. During that time California added 30,900 construction jobs, a year-over-year increase of 4.2 percent, the…

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Desk of Jeffrey Lowden News

Reno Metro Lease and Sales Report – 4th Quarter 2016

MEMO TO: Investors, Clients & Friends FROM: Jeffrey Lowden, CEO RE: Lease & Sales pricing – Reno Metro – BLACK SWAN Dated: Q’4 2016 Rental rates, lease rent increases or decreases and sale prices per sq foot in Reno and Metro area as we move into the 4th quarter of 2016: Retail – Asking Lease Rents $16 annual or $1.33 PSF – Flat or starting to trend down – 2% increase over a year ago. Retail – Asking Sales Prices PSF $171 a foot. This is a State stat trending…

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Desk of Jeffrey Lowden Success Stories

Success Stories – 3 Flowery Avenue, Dayton

Sale Finalized 2015 Commercial Site: 3 Flowery Avenue Dayton, Nevada 89403 7.5 Acre Development or Build to Suit opportunity. Ownership will develop the site for a user or the site can be purchased. Site will hold approximately 75,000 S.F. of building (s). Great for Industrial/Flex/Retail site. Freeway Frontage and only 10 Minutes to Carson. Great access & visibility. Traffic counts over 25,000 cars per day. Population approximately 4,500. There is quite a bit of small development taking place in the Dayton area including a new bank going up, a new Dollar…

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Desk of Jeffrey Lowden

Question: How do you find a job in this economy?

I watched my brother go from one of the top jobs in London working for Rank Group to his dream job back in the United States. First, he decided which city he wanted to live in (which was San Francisco) and then decided which company he wanted to work with and walked right in the front door. He asked to do a paper on the company and upon review of his work, the company, Skywalker Sound for George Lucas, hired him! He now runs the company. The importance of this…

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Desk of Jeffrey Lowden News Success Stories

Sky West Services Announces New Leases Signed For Airport Gardens

September 17, 2013 – RENO, NV – Sky West Services is pleased to announce the signing of ten leases for office space in Airport Gardens, an 79,380-square-foot office complex ideally located within minutes of the Reno Tahoe International Airport. These leases include the State Board of Podiatry, the State Board of Accountancy, and the Nevada Department of Transportation. NR AG News Leases Signed_091713 Airport Gardens is currently 80% leased and features Executive Suites with professional services, an on-site gym and café, and ample covered parking. One of the unique features of the building is…

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Desk of Jeffrey Lowden

5/6/2013 From the desk of Jeffrey Lowden

From the desk of Jeffrey Lowden   Question: Why are Office Building Tenants retaining sophisticated Brokerage assistance for smaller and smaller square footage requirements Answer: Because you need to know the economic concessions or you are losing out   If you had the IRS after you would you go it alone? If you had a tooth ache would you just pull it out? If you were served with a lawsuit would you go it alone? Then why do you think you can go it alone when it comes to a…

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Desk of Jeffrey Lowden

5/2/2013 From the Desk of Jeffrey Lowden

From the desk of Jeffrey Lowden   Question:  Real Estate – Ethics, Agency, Trust Funds, Fair Housing, Risk Management, Consumer Protection Answer:      Sky West Real Estate Services  Jeffrey Lowden has been approved and has been added to the list of instructors in the State of Nevada to teach Real Estate Principles and Law PL.9000023-RE.  Some of the questions and answers: 1.        According to a 2011 NAR® survey of real estate professionals regarding legal issues facing the brokerage industry; the area generating the greatest number of disputes is: Agency RESPA…

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Desk of Jeffrey Lowden

4/21/2013 From the Desk of Jeffrey Lowden

From the desk of Jeffrey Lowden   Question: How do you go about a Land Sale in today’s real estate market? Answer: Very Strategically. First you have to know the area and what the lands highest and best use is. Second you have to do a lot of research. Research and knowledge goes a long way tohelp the owner. We have to find the companies or prospects that would be interested inthe property. Third you have to target market the users. Calling, mailing, emailing, marketing,etc. Our in house database with over…

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