Northern Nevada By CBRE Reno The northern Nevada industrial market has been resilient in the wake of the COVID-19 pandemic as market fundamentals remained strong in Q3 2020. After impressive net absorption totals in the second quarter, Q3 posted healthy figures with 855,106 square feet of positive net absorption, pushing the year-to-date net absorption total past 3 … [Read more...] about Commercial RE Report
CBRE Reno
Commercial RE ReportOffice Summary: Second Quarter 2020
Northern Nevada By Colliers Reno Reno/Sparks saw office vacancy decrease in the second quarter of 2020, perhaps defying the expectations of some observers. Office vacancy decreased to 9.4 percent in the second quarter, from 10 percent in the first quarter of 2020. The average asking rate for office space decreased to $1.83 per square foot on a full service gross … [Read more...] about Commercial RE Report
Commercial RE ReportIndustrial Summary: Second Quarter 2020
Northern Nevada By CBRE Reno As the COVID-19 pandemic unfolded in Q2 2020, it delivered a widespread shock to the U.S economy. While it is too early to fully comprehend the long-term impact the pandemic will have, industrial real estate has emerged well positioned to weather the current economic climate. The Reno industrial market finished the quarter strong after an … [Read more...] about Commercial RE Report
Commercial RE ReportIndustrial Summary: First Quarter 2020
Northern Nevada By CBRE Reno Strict stay-at-home orders due to the COVID-19 pandemic are leading the U.S. economy into a recession with a very sharp GDP decline in for Q1 2020. However, the unique nature of this downturn could result in an unusually swift economic recovery that may begin as early as Q3 2020. Prior to the pandemic, the Reno industrial market began to … [Read more...] about Commercial RE Report
Commercial RE ReportIndustrial Summary: Fourth Quarter 2019
Northern Nevada By CBRE Reno The industrial market continues to exhibit robust demand, finishing the year with 2.5 million square feet of net absorption, bringing the year-end total to 3.7 million square feet. This was the seventh consecutive year where occupancy gains exceeded 3.5 million square feet. Overall, tenant demand remained diverse over the course of 2019 … [Read more...] about Commercial RE Report
Commercial RE ReportIndustrial Summary: Third Quarter 2019
Northern Nevada By CBRE Reno Industrial market fundamentals remained solid during Q3 2019 as the vacancy rate remained under 6 percent for the 15th consecutive quarter. Tight market conditions have fueled speculative development in 2019 as construction activity reached its highest level since 2015, with 4.0 million sq. ft. under construction. Most of the current projects … [Read more...] about Commercial RE Report
Commercial RE ReportIndustrial Summary Second Quarter 2019
Northern Nevada By CBRE Reno During the first half of the year, the Northern Nevada industrial market laid a strong foundation for a successful second half of 2019. Robust transactional activity coupled with healthy construction activity were at the forefront of the market’s success. Construction completions totaled 1.1 million square feet during the quarter, driving the … [Read more...] about Commercial RE Report
Commercial RE ReportIndustrial Summary First Quarter 2019
Northern Nevada By CBRE Reno The Northern Nevada industrial market rebounded in Q1 2019. Twenty-eight lease transactions were signed during the quarter, leading to 880,914 square feet of positive net absorption and 1.1 million square feet of gross absorption. Of these, 24 deals were between 5,000 square feet and 100,000 square feet, demonstrating continued pressure on … [Read more...] about Commercial RE Report
Commercial RE ReportIndustrial Summary: Fourth Quarter 2018
Northern Nevada By CBRE Reno When reviewing 2018 and examining overall real estate fundamentals, the Reno industrial market continues to perform well. The region has been running at historically high demand levels for the past six years characterized by consistent demand, disciplined development, strong fundamentals, and increasing rental rates. Illustrating this has been … [Read more...] about Commercial RE Report
Industrial Summary: Third Quarter 2018
Northern Nevada By CBRE Reno The Northern Nevada industrial market ended Q3 2018 much as it began – a competitive, demand-heavy market with active pre-leasing and rising base rents. As a result, the quarter recorded 2.1 million square feet of net absorption and 2.4 million square feet of gross absorption. While the market is attractive to occupiers of varying sizes and … [Read more...] about Industrial Summary: Third Quarter 2018
Industrial Summary: First Quarter 2018
Northern Nevada By CBRE Reno The Northern Nevada industrial real estate market remains healthy with strong fundamentals. Net absorption for the first quarter of 2018 totaled 76,799 square feet. While this is less than in previous quarters, overall activity is robust and an increase in transaction volume is expected as the area moves into the second quarter, and throughout … [Read more...] about Industrial Summary: First Quarter 2018
Red Report: April 2015
E Project, Other ADDRESS SW Corner of Sahara Ave. & Las Vegas Blvd., 89104 CONTRACTOR OF RECORD Martin-Harris Construction DETAILS Construction is underway on MGM Resorts International’s open-air music venue. The entertainment complex will have a 2,700 SF administration and storage building, 23.3 acres for the main festival area, 7.7 acres for transportation pick-up and … [Read more...] about Red Report: April 2015