Northern Nevada By Colliers | Reno The Northern Nevada office market is starting off a bit bumpy in 2019 with vacancy increasing from 11.8 percent at the end of 2018 to 12.5 percent this quarter. This was due to 78,154 square feet of negative net absorption, continuing the downward trajectory seen in the fourth quarter. Vacancy was as low as 11.0 percent in the third … [Read more...] about Commercial RE Report
Colliers International - Reno
Mega ProjectsNevada’s Changing Skylines
Looming prominently across I-15 from the Strip, the future stadium of the National Football League’s (NFL) Raiders is well on its way to hosting its first game. Las Vegas Stadium is among several mega-projects currently under construction in Nevada and making their way into the Valley’s economic landscape. Other major projects include the expansion of the Las Vegas … [Read more...] about Mega Projects
Commercial RE ReportOffice Summary: Fourth Quarter 2018
Northern Nevada By COLLIERS | RENO While 2018 was a strong year for the Reno office market, the return of large blocks of space ended the year on a negative note with negative net absorption of 79,018 square feet. As a result, vacancy pushed up to 11.8 percent from 11.0 percent in the third quarter. This was, however, lower than year end 2017 where it ended at 12.1 … [Read more...] about Commercial RE Report