This page provides the latest featured content on the Nevada Commercial Real Estate Industry, as well as links to resources from Nevada Business Magazine and other useful websites.
Latest Nevada Commercial Real Estate Industry Feature
Multi-Family in Nevada
Let’s Get Vertical
By Jennifer Rachel Baumer
Originally Published: https://www.nevadabusiness.com/2021/04/multi-family-in-nevada/
When the pandemic locked Nevada into quarantine in 2020, multi-family commercial real estate market professionals braced for bad news. With the state essentially at a standstill, the most likely scenario was the multi-family commercial real estate market would take a direct economic hit. Instead, the opposite happened. The pandemic accelerated the market nationally, and the same thing happened in Nevada. People left highly dense markets and engaged in social distancing by moving somewhere there was literally more space per person.
“They left New York, San Francisco and LA,” said Trevor Richardson, broker, Dickson Commercial Group. “Everybody wants to talk about it like it was an exodus but, it’s not like nobody lives there, it’s just that a lot of the density has left.”
While that meant rents are rising in Reno to levels previously unseen, multifamily users are getting more space, and amenities, for their buck. So, the number of people coming to Nevada continues to drive rent prices upward, and building sites are becoming scarce. In a nutshell, this market is not what commercial real estate professionals expected from the pandemic.
Recent Nevada Commercial Real Estate Industry Features
Industry Focus: Commercial Brokers
The past year of pandemic related hurdles has presented unique challenges for commercial real estate (CRE) professionals. Each submarket was affected differently by COVID and the market shifted to reflect those changes. April 2021, executives representing commercial real estate in Nevada met virtually in a roundtable sponsored by City National Bank to discuss the changes to the market and what the future holds. [Read More]
Industrial Submarket: Demand Over Pandemic
The industrial real estate market has been crucial to the economy throughout the coronavirus pandemic as its stability has been driven by demand from e-commerce companies as consumer spending habits have shifted away from brick-and-mortar retail to online. [Read More]
Post Pandemic Downsize: Office Projects in Nevada
As the recovery from the COVID-19 pandemic gains some momentum, developers who specialize in office projects across the state are edging forward with new projects. But their work is even more fraught with uncertainties than usual. [Read More]
NAIOP Southern Nevada 2020 “Shed Some Light” Virtual Bus Tour
NAIOP Southern Nevada’s Bus Tour Committee is pleased to present the 2020 Bus Tour (Virtual) Event. What a year 2020 has been! We know that everyone has felt some level of uncertainty in these unprecedented times, so we are pleased to be able to “Shed Some Light” on the current state of the Las Vegas commercial real estate market. [Read More]
Commercial Builders in Nevada: Weathering the Storm
Nevada’s commercial builders — the companies that build about everything except single-family houses — weathered the first months of the COVID-19 pandemic in passably good shape. [Read More]
Waiting for the Dust to Settle: Retail in COVID-Nevada
The future of retail arrived with an unexpected, massive thunderclap this spring. Now retailers, shopping center developers and real estate brokers who specialize in commercial properties are looking over a landscape dramatically changed by the COVID-19 pandemic, identifying winners and losers and making predictions about the future of retail as it continues to unfold. [Read More]
CCIM: A New World – Navigating Changing Times with CCIM
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Supply & Demand: Nevada’s Industrial Market
The demand for industrial space has been extraordinarily strong in Nevada throughout this economic expansion and is expected to stay consistent throughout the rest of this year and into 2021, according to real estate professionals throughout the state. [Read More]
Industry Focus: Brokers
As Nevada businesses work to adjust to a rapidly changed world, executives in commercial brokerage see a multitude of changes to their industry. [Read More]
Building the Future: Where Technology and Commercial Real Estate Meet
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Strategic Plays: Golf Course Communities Widen Amenities
A successful luxury golf course community these days really isn’t about the golf, explained Rich MacDonald. [Read More]
2019 NAIOP Southern Nevada Bus Tour
NAIOP Southern Nevada’s Bus Tour Committee is pleased to present the 2019 “Flying High” Bus Tour Event. [Read More]
Retail: Focus on the Experience
Once upon a time — say, 10 years ago — retail was all about selling stuff. But as the business of selling stuff continues to move online, the word of the moment among retailers and shopping center owners is “experience.” [Read More]
Trending Up: Multi-Family in Nevada
Multi-family developers in Nevada are convinced a strong trend in the segment will continue for the foreseeable future. [Read More]
Industry Focus: Property Management
From dealing with a homeless population to municipalities and tenant renewals, property managers are experts at handling a variety of issues that can arise. [Read More]
Entitlements and Zoning: Getting Through the Process
Ask a handful of representatives from different government entities how their entitlements process works and most will respond with, “What do you mean by entitlements?” [Read More]
Reshaping Commercial Real Estate: Brokers in Nevada
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The Industrial Revolution: Nevada’s Commercial Real Estate Industrial Market
The industrial real estate market is humming along very well, but still experiencing a hangover from the Great Recession. Multiple Nevada real estate executives noted the strong performance of industrial real estate in both Northern and Southern Nevada, led by low vacancy numbers, but it’s hard to keep up with the current demand. [Read More]
The Return of Office 2019: Nevada’s CRE Office Industry
Nevada’s commercial real estate office market is healthy, but not considered robust. Hit hard during the 2008 recession, it’s good to see vacancy rates dropping and rents increasing, but there’s been very little new product built in the last decade, which accounts for at least some of the continuing drop in vacancy rates. [Read More]
Building Medical: Keeping Pace with Healthcare Growth
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Nevada’s Retail Industry: Going Strong, Evolving
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CRE Financing: Evolving with Nevada’s Economy
A tremendous number of loans for commercial real estate (CRE) projects are being sourced and approved in Nevada in what’s described as a robust market being driven by industrial and multi-family properties. [Read More]
Breaking Barriers: Exceeding Expectations
Among Southern Nevada’s commercial real estate professionals is an elite group of well-educated, experienced, dedicated and charitable individuals called Certified Commercial Investment Members (CCIMs). [Read More]
Breaking Barriers: Exceeding Expectations
Among Southern Nevada’s commercial real estate professionals is an elite group of well-educated, experienced, dedicated and charitable individuals called Certified Commercial Investment Members (CCIMs). [Read More]
Nevada Brokers: The Ins and Outs of Commercial Real Estate
Both the Las Vegas and Reno commercial real estate markets are well balanced and healthy for the foreseeable future, but there may be trouble past the horizon. [Read More]
Build-To-Suit, Spec, Flex: Nevada’s Industrial Real Estate Industry Has It All
Industrial real estate isn’t static. Buildings are constructed, leased up and absorbed, vacancy rates fall and climb again, buildings constructed for one purpose end up serving another. Everything varies with the cycle of the economy.[Read More]
Working for Workplaces: The Office Market in Nevada
The Nevada office real estate market is set to be the most active it’s been since before the Great Recession, but one major factor could stymie the growth. [Read More]
Weighing The Options: Owning Versus Leasing Commercial Real Estate
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Financial Foundations: Funding Commercial Real Estate in Nevada
Nevada’s commercial real estate industry is growing again. New projects are underway, both sales of existing buildings and those under construction. We’re definitely seeing a large increase in our loan volume over the last several months,” said Debra Alexandre, president, Nevada State Development Corp.“It’s looking much better than it has since the recovery began. We’re starting to see a lot more ground-up construction loans, where during the recession and the beginning of the recovery we really weren’t seeing any. [Read More]
Covering Your Assets: Commercial Real Estate Title Insurance in Nevada
Commercial title insurance protects buyers and investors against loss if a problem arises with their non-residential transaction. Coverage protects against loss for the owner and the lender if there’s a problem with the title. Commercial real estate title insurance covers apartments and office buildings, retail development and industrial facilities, investors, developers, brokers and lenders. [Read More]
Live-Work-Play Repeat: Mixed-Use Projects Regain Traction
The 45-acre site of the former Park Lane Mall in Reno—about seven times the size of Reno’s Greater Nevada Field ballpark—has sat vacant for ten years but now is about to get made over into a development encompassing residential, retail and commercial components. [Read More]
Industry Focus: Commercial Real Estate
The commercial real estate (CRE) industry in Nevada has been growing in recent years despite a number of hurdles professionals have overcome. [Read More]
Developing Big Boxes: Growth in Nevada’s Industrial Market
That sound that developers of industrial properties hear in the background is the ticking of the clock counting down the longest-lived economic recovery since World War II. [Read More]
Nevada Land: Priorities for Today in Planning for Tomorrow
Protecting counties from restrictive federal land policies, potentially transferring U.S. government-owned land to the state, creating state parks. These and other current land matters in Nevada, some in the courts, some ongoing, many controversial, are numerous. [Read More]
Spending Power: Nevada’s Retail Market
With the peak holiday spending in their rearview mirrors, Nevada retailers say they are cautiously optimistic about continued growth in 2017. [Read More]
Nevada’s Industrial Future: Two Parks Hold Great Promise for the Silver State
“It was the best of times, it was the worst of times” applies to Nevada’s tale of two industrial parks, one in the north and huge, the other in the south and a fraction of the size. [Read More]
Industry Focus: Commercial Real Estate Brokers
Overall, commercial real estate (CRE) in Nevada has been seeing an uptick from the recession. However, some markets are recovering more quickly than others and there are still many challenges the industry must face moving forward. [Read More]
2016 NAIOP Southern Nevada Bus Tour: A Whole New Ball Game
NAIOP Southern Nevada’s Bus Tour Committee is pleased to present the 2016 “A Whole New Ball Game” Bus Tour. [Read More]
Commercial Builders: The Rebound and the Growing Pains
Whereas Nevada’s commercial construction industry was all but dead five years ago, today it’s alive, with activity edging up. [Read More]
Business on the Move: Office Market in Nevada
As election jitters continue to dominate the news cycle, the status of the national economy appears to be just so-so in the minds of many business leaders. [Read More]
We are CCIM
Instant recognition, credibility in the commercial real estate field is vital in today’s fast paced world of instant everything. The old adage, “you only get one chance to make a first impression” is more accurate than ever. [Read More]
Property Management: Industry Grows as Commercial Real Estate Rebounds
Nevada’s real estate markets continuing to rebound is great news for commercial property managers, as it translates into more and more work to go around. Property management firms generally have been getting busier over the last one to two years. [Read More]
Risk & Reward: Commercial Real Estate Investment in Nevada
Commercial real estate investment properties encompass all the categories of commercial real estate: office, retail, industrial and multi-family properties. Commercial real estate (CRE) itself encompasses everything from the dirt the property is built on to fully tenanted buildings being sold for the best price because every step along the path of commercial real estate from a plot of dirt to the “No Vacancy” sign adds value. [Read More]
Industry Focus: Builders and Developers
Many builders and developers in the Silver State fought through the recession only to come out on the other side and realize there are new challenges facing their companies. Leaders in commercial building and development recently met at the Las Vegas offices of City National Bank to address these challenges and discuss opportunities in the industry. [Read More]
How to Lease or Buy: A Guide to the Rebounding Commercial RE Industry
Buying or leasing commercial real estate is a stressful and complex process that can be difficult for even the best of brokers in Nevada. What about for entrepreneurs or business executives whose areas of expertise may be in gaming or healthcare? How should they evaluate the pros and cons of buying or leasing, choosing a location and making a purchase? [Read More]
Nevada Commercial Real Estate Industry Resources
ReD Report: Latest projects, sales and leases in Nevada.
Commercial Real Estate Report: Monthly commercial real estate updates for Northern and Southern Nevada.
Clark County Assessor Records and Maps: Search property records in Clark County, Nevada.
Washoe County Real Property Assessment Data: Search property records in Washoe County, Nevada.
Business Entity Search – Secretary of State: Search business entity records in Nevada.