Northern Nevada By Gary Tremaine, Dickson Commercial Group As the year came to a close, the retail market in Washoe County remained resilient. Transaction volume reached $94,388,853, marking a significant increase from Q3, while retail vacancies remained at historic lows, with the overall vacancy rate edging up to 3.7%. Despite limited supply, demand from owner-users and … [Read more...] about ReD Report
Monthly Editorial Departments
Business IndicatorsApril 2025
The second estimate for real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024, which was mostly attributed to continued increases in consumer and government spending. Seasonally adjusted U.S. nonfarm employment increased by 151,000 jobs in February, with the unemployment rate reaching 4.1 percent and the number of unemployed … [Read more...] about Business Indicators
Bills That Mean Business
Nevada Policy Research Institute The 83rd legislative session has embarked in Nevada with bills addressing issues like healthcare, education, occupational licensing and public safety. Perhaps the most important of the groups that will be affected by this session’s decision are business owners and entrepreneurs of the Silver State. However, while some proposals would impose … [Read more...] about Bills That Mean Business
ReD ReportOffice Summary: Fourth Quarter 2024
Northern Nevada By Bob Shanahan, Colliers Reno Reno’s office market closed 2024 with remarkable momentum. The uptick in activity we’ve observed is backed by the data and paints an optimistic outlook for 2025. With the market vacancy rate now below 10%, it is possible we could see a new construction project start in the months ahead to address space constraints for tenants … [Read more...] about ReD Report
Business IndicatorsMarch 2025
The advance estimate of U.S. real gross domestic product (GDP) for 2024Q4 posted steady growth at an annualized percentage of 2.3 percent, largely reflecting continued strong consumer spending. Government spending also contributed positively to real GDP growth, while nonresidential and private inventory investments contributed negatively. Residential investment rebounded after … [Read more...] about Business Indicators
Protecting Small BusinessThe Nationwide Legal War Against the Corporate Transparency Act
By Anahit Baghshetsyan & Geoffrey Lawrence Nevada Policy Research Institute In 2021, Congress passed the Corporate Transparency Act (CTA) as a new component of the National Defense Authorization Act. This new law aimed to strengthen the surveillance power of the Treasury Department with the nominal goal of rooting out financial support for terrorism, drug trafficking … [Read more...] about Protecting Small Business
ReD ReportIndustrial Summary: Fourth Quarter 2024
Northern Nevada By Angel Orozco, CBRE | Reno The Reno industrial market was comprised of approximately 116 million sq. ft. at the close of Q4 2024. There were six new industrial buildings delivered to the market in Q4 2024, totaling 1.0 million sq. ft. The construction pipeline had 2.1 million sq. ft. underway with another 15.5 million sq. ft. in various planning stages. … [Read more...] about ReD Report
Business IndicatorsFebruary 2025
The U.S. economy made impressive gains in late 2024. The third and final estimate of U.S. real gross domestic product (GDP) for 2024Q3 exceeded expectations at an annual rate of 3.1 percent, surpassing the original estimate of 2.8 percent. Industries like retail trade and healthcare contributed to the 2024Q3 increase in real GDP, while agriculture and administrative services … [Read more...] about Business Indicators
Legislative LookoutBills That Could Make or Break Your Industry
Imagine your business is a race car. You’re behind the wheel, roaring down the highway of innovation and opportunity. Then, seemingly out of nowhere, traffic cones start popping up—some of them helpful guidance for a smoother ride, and others flat-out roadblocks. This year’s Nevada Legislative session promises its share of cones for entrepreneurs, small businesses, and key … [Read more...] about Legislative Lookout
ReD ReportRetail Summary: Third Quarter 2024
Northern Nevada By Gary Tremaine, Dickson Commercial The retail market in Washoe County has remained strong throughout 2024. Although transaction volume reached only $36.7 million, showing a slight decline from Q2, retail vacancies continue at historic lows, with the overall vacancy rate dropping to 3.4 percent. Demand remains high among owner-users and investors despite … [Read more...] about ReD Report
Business IndicatorsJanuary 2025
The second estimate of U.S. real gross domestic product (GDP) for 2024Q3 increased at an annual rate of 2.8 percent, the same as last month’s advance estimate. Real GDP’s robust growth in 2024Q3 was driven by strong consumer spending, supported by higher real income growth, and increased government spending. A decline in private inventory investment and a continued larger … [Read more...] about Business Indicators
Around the StateJanuary 2025
Clark County School District Partners with Nonprofit to Address Student Homelessness The Clark County School District (CCSD) has partnered with Purposity, a nonprofit which connects users with one-to-one needs in the community. The partnership is meant to help students experiencing homelessness. CCSD’s Title 1 Homeless Outreach Program for Education (HOPE) launched a profile … [Read more...] about Around the State
Is Nevada Ready for the Tech Boom?
Imagine Nevada as the next Silicon Valley—without the congestion, taxes and regulatory red tape. With technology moving at lightning speed, Nevada stands at a critical juncture to embrace a tech-driven economy. But there's a gap we need to fill: tech jobs are booming, but there aren’t enough skilled workers to meet the demand. So, what’s the solution? By embracing deregulation, … [Read more...] about Is Nevada Ready for the Tech Boom?
ReD ReportOffice Summary: Third Quarter 2024
Northern Nevada By Bob Shanahan, Colliers Reno The Reno office market turned a corner in the third quarter of 2024. While many office markets across the country struggle with higher vacancies and subdued demand, Reno continues to buck this trend. The State of Nevada’s occupancy of numerous buildings as well as continued demand and takedown of space by other tenants in the … [Read more...] about ReD Report
Business IndicatorsDecember 2024
The advanced estimate of U.S. real gross domestic product (GDP) for 2024Q3 increased at an annual rate of 2.8 percent. While real GDP experienced robust growth driven by strong consumer spending and increased federal government spending, a slight deceleration occurred in the third quarter from the 3.0 percent second quarter growth rate. This slowdown largely reflected decreased … [Read more...] about Business Indicators