Nevada Policy Research Institute Nevada’s housing crisis has reached a critical point, and one of the most promising solutions is cutting through the regulatory barriers that making is costly to build new housing. To navigate this labyrinth of deregulation and improve our situation, we need to dive into the specific laws and policies that are holding back development and … [Read more...] about Affordable Housing
Monthly Editorial Departments
ReD ReportIndustrial Summary: Third Quarter 2024
Northern Nevada By Angel Orozco, CBRE The Reno industrial market was comprised of approximately 115 million sq. ft. at the close of Q3 2024. There was one space of 40,000 sq. ft. of new product delivered to the market in Q3 2024. The construction pipeline had 1.7 million sq. ft. underway with another 16.5 million sq. ft. in various planning stages. The overall average … [Read more...] about ReD Report
Business IndicatorsNovember 2024
The third estimate for U.S. real gross domestic product (GDP) for 2024Q2 experienced a robust 3.0 percent annual growth rate, unchanged from the second estimate. Although the growth rate remained unchanged, the update reflected upward revisions in private inventory investment and federal government spending, partly offset by downward revisions in nonresidential fixed investment … [Read more...] about Business Indicators
The Burden of Occupational Licensing in NevadaBreaking Through the Barriers to Unlock Opportunity
Let’s get real for a second: Imagine you have spent years perfecting your craft—whether as a hairdresser, a carpenter, or a massage therapist—and you are finally ready to step out on your own and start making your dream career a reality. But here is the problem—Nevada’s licensing requirements throw up some serious roadblocks before you even can take that first step, In … [Read more...] about The Burden of Occupational Licensing in Nevada
Around the StateOctober 2024
NV Energy Transmission Line Approved A $4.2 billion, 350-mile transmission line between Las Vegas and Reno has been approved by the U.S. Department of the Interior. A NV Energy project, Greenlink West will run from Las Vegas to Yerington and could transmit as much of 4,000 megawatts of clean energy. This would be enough to power 4.8 million homes. Construction is set to begin … [Read more...] about Around the State
ReD ReportRetail Summary: Second Quarter 2024
Northern Nevada By Gary Tremaine, Dickson Commercial The Washoe County retail market continues to remain strong as it has throughout previous quarters. Reaching $54,824,280 in transaction volume, there was a slight uptick compared to Q1 2024. Retail vacancies maintain historic lows, signifying that there is much demand with lessening supply. Similar to last quarter, … [Read more...] about ReD Report
Business IndicatorsOctober 2024
The second estimate for U.S. gross domestic product (GDP) for 2024Q2 rose to a 3.0 percent annual rate -- a 0.2 percent increase from the advanced estimate, driven by an upward revision in consumer spending. The revision was partly offset by downward revisions to private inventory investment, residential and nonresidential fixed investment, and government spending. A surge in … [Read more...] about Business Indicators
Nevada’s Power PlayA Brighter Tomorrow through Business Regulations
By Nevada Policy Staff The constant barrage of news about political leaders fighting for the most powerful positions in the world underscores their crucial role in shaping laws that support innovation, competition, and economic freedom. Leadership at every level, from federal to state government, influences how our businesses operate, from burgeoning conglomerates to the … [Read more...] about Nevada’s Power Play
Office SummarySecond Quarter 2024
Northern Nevada By Bob Shanahan, Colliers | RENO Reno's office market exhibited resilience in Q2 2024 despite its highest occupancy losses since 2020. The vacancy rate increased slightly to 10.9 percent, driven by several vacancies, yet it remained below the five-year average, highlighting the market's stability. The State of Nevada's substantial leasing activity, including … [Read more...] about Office Summary
Business IndicatorsSeptember 2024
The advance estimate for U.S. gross domestic product (GDP) for 2024Q2 experienced unexpected robust growth at a 2.8 percent annual rate, twice the 1.4 percent in the previous quarter. The analysis of the components suggests a robust economy with strong consumer spending, private inventory investment, and nonresidential fixed investment. A surge in imports and a downturn in … [Read more...] about Business Indicators
School ChoiceThe Would-Be Educational Entrepreneur Gold Rush
Imagine the frenzy and excitement of the 19th-century gold rush when pioneers ventured westward, driven by the promise of striking it rich. The introduction of universal Education Savings Accounts (ESAs) in Nevada could spark a similar surge, but instead of planning for gold, educational entrepreneurs would be tapping into a new vein of opportunity in our education system. The … [Read more...] about School Choice
ReD ReportIndustrial Summary Second Quarter 2024
Northern Nevada By Angel Orozco, CBRE Reno The Reno industrial market was comprised of approximately 115 million sq. ft. at the close of Q2 2024. There was over 180,000 sq. ft. of new product delivered to the market in Q2 2024. The construction pipeline had over 930,000 sq. ft. underway with another 17.3 million sq. ft. in various planning stages. The overall average asking … [Read more...] about ReD Report
Business IndicatorsAugust 2024
The third quarter estimate for U.S. gross domestic product (GDP) for 2024Q1 increased at an annual rate of 1.4 percent, revised upward by 0.1 percentage point from the second estimate. Although the growth rate slowed, the breakdown of the components suggests a robust economy with strong consumer spending, residential and non-residential fixed investment, and government … [Read more...] about Business Indicators
Around the StateJuly 2024
Nevada State Contractors Board Levies Severe Consequences Against Solar Company The Nevada State Contractors Board (NCSB) has taken action against Solarize. The solar company has had its license revoked and company leadership has been banned from working as contractors in Nevada moving forward. NSCB has also imposed the maximum possible fine of $460,000 for charges which … [Read more...] about Around the State
ReD ReportRetail Summary: First Quarter 2024
Northern Nevada By Gary Tremaine, DCG The Washoe County retail market remains as strong as it did in previous quarters. While only reaching close to $38 million in transaction volume, retail vacancies remained at historic lows, signifying the sector is still in high demand. As consumer spending continues to increase, retail has become a center of attention for investors in … [Read more...] about ReD Report