It’s no secret that the real estate market has been in flux throughout the first quarter of 2023. Change is always scary, especially for those of us in industries that are directly impacted by the market’s ups and downs.

One of our core covenants at SVN is “Focus on the positive and the possible”. When the market is no longer a bonanza and business starts to slow, it’s easy to get discouraged and preoccupied by the negatives, but taking the time to notice the positive and focus on the possible around you is always worth the effort.

Even with the market’s recent fluctuations, this month I noticed some great things happening in our own Reno market. For example, High Mark Distillery, a tenant in a flex industrial park in Reno, recently doubled the size of their industrial space. This small business delivers delicious small batch spirits to the eleven western states and their drinks are so good that they’re currently expanding.

Felicia Keith-Jones, President of High Mark Distillery said,

“We are honored to distill great spirits on a much bigger scale this year. Reno just keeps on growing, and it’s a very thirsty town! To continue handcrafting ten delicious spirits, and age our Bourbon and Rum to perfection, we needed to double our Barrel House space again this year.

We are truly thankful for Tomi Jo Lynch keeping us informed each month on available square footage and prices. It takes a team to expand and succeed in business, and Tomi Jo was a definite asset to our growth plans.”

While the headlines lean towards negativity, there are bright spots in our market and stories of success all around. Working with someone who focuses on the positive and possible can make all the difference when it comes to finding a successful outcome for all parties.

If you’re in the Reno area, swing by High Mark Distillery to try a free tasting! Or if you need help expanding your business, finding your next investment, or selling a current property, I would love to partner with you to reach your goals!

I represent the owner of an office building near downtown Reno, Nevada. I recently found a tenant for the last available space in the building, a small office with 494 SF. The tenant did not have any representation and they seemed to be tentative during the lease signing process. There were certain clauses and wordings in the lease that gave them pause and I wanted to make sure they were completely comfortable before moving forward. Although this lease was small, I recognized that leasing their own space, and all the steps that went into that, was a big deal to them.

Two of our top priorities here at SVN® are to create amazing value for our clients, and to place our client’s best interests above our own. Because of these two core covenants, I always aim to treat every deal like a big deal. No deal is too “small” to put forward my best efforts, create value for my clients, and place their interests above my own. During this deal, I answered all the tenant’s questions and made sure that they felt informed, comfortable, and confident that they had received the best service.

No deal is too small- here at SVN® we approach all deals with the same care and commitment to our clients.

Tomi Jo Lynch, SIOR, CCIM, Managing Director

775.530.2621

Tomijo.lynch@svn.com

One of the most notable differences about how SVN® does business, what we like to call the SVN® Difference, is promoting cooperation between brokers. Our core covenants are to “create amazing value with our clients, colleagues, and community” and to “cooperate proactively”. This deal was made possible through cooperation with a colleague and creating value for our new tenant, the owner of the space, and the Midtown Reno community. This deal was a win-win-win!

This deal came together with the help of a friend and colleague, Amanda Lavi with Colliers International- a big thank you to Amanda for collaborating on this! By working together and reaching out to the greater commercial real estate community, I was able to connect a qualified tenant with a beautiful, perfectly located new home for their business. Not only did both tenant and landlord benefit from this deal, but the burgeoning Midtown area of Reno has gained another great locally owned business! 24 California will now be home to a location of the RareTea franchise. RareTea has rented 1,647 SF in the newly renovated 24 California retail building that sits perfectly on the corner of Virginia Street and California Avenue, in Reno.

RareTea is a franchise with over 25 locations nationally and they have decided to open their latest, locally owned location at 24 California. This tea shop serves everything from teas to lattes to smoothies, specializing in milk teas.

Apart from finding the best outcome for both my clients and businesses looking for the perfect space, I love that I get to be a part of our growing community and bringing more life to areas of town.

There are still three spaces left in this beautiful and newly renovated building. If you’re in the market for a new retail, office, or restaurant space to call home for your business- reach out to me! Brokers- if you have a client who would love one of these spaces, let’s work together on getting 24 California fully leased and making it a new hotspot in Midtown Reno.

Tomi Jo Lynch, SIOR, CCIM, Managing Director

775.530.2621

Tomijo.lynch@svn.com

This brand new business has decided to put down roots in the Midtown area of Reno, and has leased 908 SF in 24 California. The Wheyfarer offers gourmet, hard to find cheeses and ingredients from both local sources and all over the world, all handpicked by their knowledgeable “cheesemongers”. Not only is The Wheyfarer a gourmet meat and cheese counter, they will also offer catering, grab and go snacks and meals, specialty beverages, and so much more! We can’t wait to have a charcuterie board at the Wheyfarer upon their opening later this summer.

Four spaces are still available in 24 California. This historic and newly renovated building offers ± 1,328 – 6,389 SF of available retail and office space on the bustling corner of Virginia Street and California Avenue. Find your space today!

Elixir Superfood & Juice has leased 1,878 SF in 24 California. The healthy and delicious restaurant already has a location in Mammoth Lakes, California, and has decided to extend its reach into the burgeoning Midtown area of Reno, Nevada. Elixir touts vegetarian, vegan, paleo, local, organic, and 100% gluten free food! Welcome to 24 California Elixir!

Four spaces are still available in this newly renovated historic building. 24 California offers ± 1,328 – 6,389 SF of available retail and office space on the bustling corner of Virginia Street and California Avenue. Find your space today!