As Nevada’s economy picks up the pace, businesses are returning to Nevada and Nevada is returning to business – mostly. In Southern Nevada there’s no real wage growth, gaming revenues are down, home sales are slowing. At the same time, industrial property vacancies are dropping, flex space rents are low but flex spaces themselves are filling, and big box industrial space is … [Read more...]
Game Changers: Economic Development in Nevada
Nothing paints a clearer picture of the results of economic development than the Silver State. Nevada has transitioned from a state with the highest unemployment rates in the country to a state welcoming Tesla to its economy, breaking ground on a 12,000-home master planned community, launching one of the first-of-its-kind interactive medical communities with Union Village and … [Read more...]
The Office Market: Slow and Steady into the Future
As a mixture of economic indicators appear to show the recession in our rear view mirrors, movers and shakers in Southern Nevada’s office market are cautiously planning ahead for slow and modest growth in the coming months. “The trending is moderate growth overall due to a bettering economy,” says Lance Bradford, founder of Stable Development in Las Vegas. “There are … [Read more...]
Dermody Properties Breaks Ground on Two New Facilities in 1.2 Million-Square-Foot Industrial Park
RENO, Nev. – Dermody Properties, a national industrial real estate development and operating company headquartered in Reno, has broken ground on the final two buildings in LogistiCenter 395, its 1.2 million-square-foot industrial park in northern Nevada. The company started construction on the two new facilities, Buildings A and C, on November 20. Upon completion, Building A … [Read more...]
Maximize the Benefits of Electric Vehicles: It Starts at the State Policy Level
With Tesla propelling Nevada to the forefront of electric vehicle discussion, it is a good time to call attention to the benefits of electric vehicles (EV) in Nevada and ask policymakers to help Nevadans reap those benefits. Here at the University of Nevada, Las Vegas (UNLV), students and faculty at the Center for Energy Research (CER) are eager to work together with Las … [Read more...]
