Jackson Hole Commercial Real Estate

What is a triple net expense?

Commercial leases frequently call for the the tenant to pay “triple net” expenses in addition to the base rent. But what is a triple net expense? Triple net expenses (also written as NNN expenses) are building expenses that the landlord charges the tenant based on the tenant’s pro rata share of the building. The expenses […]

Jackson Hole Retail Market Overview: April 2009

The retail market in Jackson can be broadly defined as consisting of four areas: Town Square, Downtown Local Retail, Highway, and Strip Center. The market standard in Jackson is to quote retail rents on a NNN (triple net) basis, with the rental figures given as an annual amount per square foot. NNN expenses currently range […]

How to talk like a local in Jackson Hole, WY

I live in Jackson, WY, also known as Jackson Hole. Jackson is full of people whose opinions count more because they were born here, or even better, because their grandfather was born here. [Wait a minute, I’m hijacking my own blog…back to the topic at hand] Sadly, I’ll never be a “local”, since I only […]

How to Calculate Jackson, WY Property Taxes

Wyoming has a well deserved reputation for low taxes, having no state personal or corporate income tax, and having a very low property tax rate. Here’s how to calculate property taxes in Jackson Hole (Teton county, Wyoming). Property taxes are calculated by multiplying the mill levy by the assessed value, and the assesed value is […]

Jackson Hole Office Market Overview: December 2008

After years of annual 15% to 25% increases, Jackson Hole office prices have plateaued and are even showing decreases. The drops are attributable to three factors. Tighter Credit Mortgage rates haven’t gone up, a typical cause of decreased values, but credit is harder to come by. As a result, fewer buyers are qualified to purchase […]