The second quarter estimate for U.S. gross domestic product (GDP) for 2024Q1 increased at an annual rate of 1.3 percent, revised downward by 0.3 percentage points from the advance estimate. Although the growth rate disappointingly slowed, the breakdown of the components suggests a robust economy with strong consumer spending, residential and non-residential fixed investment, … [Read more...] about Business Indicators
Monthly Editorial Departments
ReD ReportOffice Summary: First Quarter 2024
Northern Nevada By Jordan Lehman, Colliers Reno Reno’s office market experienced robust tenant demand, recovering sales activity, and a slight uptick in available sublease space. Net absorption nearly reached 102,000 square feet this quarter, which was the largest total in the last four and a half years. Office sales totaled $38.1 million in the first quarter after a very … [Read more...] about ReD Report
Business IndicatorsJune 2024
The first quarter estimate for the U.S. gross domestic product (GDP) for 2024Q1 increased at an annual rate of 1.6 percent. Although the growth rate was somewhat disappointing, the breakdown of the components suggests a robust economy with strong consumer spending. A surge in imports and reduced business inventories negatively contributed to real GDP growth. Increased imports … [Read more...] about Business Indicators
Politicians & Bureaucrats Have Public Budgets Backwards
Politicians, bureaucrats, public-employee unions and special interests have public budgeting backwards. They draw up wish lists of spending, add them up and then see how much they get to (er, “have to”) raise taxes. What they should do is reasonably project how much resources government agencies will have under current revenue laws, allocate those resources according to public … [Read more...] about Politicians & Bureaucrats Have Public Budgets Backwards
Around the StateMay 2024
Advanced Manufacturing Technology Center Launched Panasonic Energy, in partnership with Truckee Meadows Community College (TMCC), has launched the Advanced Manufacturing Technology Center in Reno. The center aims to foster innovation and education in manufacturing with a commitment toward advancing STEM education and technology. Outfitted with state-of-the-art equipment, the … [Read more...] about Around the State
Business IndicatorsMay 2024
The third estimate of U.S. real gross domestic product (GDP) for 2023Q4 posted an annual growth rate of 3.4 percent. The increase primarily reflects a substantial increase in consumer and government (both local and state) spending. Residential fixed investment and private inventory investment, however, saw a noticeable decrease. Nevertheless, the higher growth was primarily … [Read more...] about Business Indicators
ReD ReportIndustrial Summary First Quarter 2024
Northern Nevada By Angel Orozco, CBRE The Reno industrial market was comprised of approximately 114 million sq. ft. at the close of Q1 2024. There was over 2.7 million sq. ft. of new product delivered to the market in Q1 2024. The construction pipeline had over 960,000 sq. ft. underway with another 17.3 million sq. ft. in various planning stages. The overall average asking … [Read more...] about ReD Report
Free Market WatchOne Big Nail in Coffin of Federal Administrative State
Last time, this column reviewed a United States Supreme Court case, Jarkesy, that may end the power of regulatory agencies to act as both prosecutors and judges in matters under their jurisdiction. Since this is a common feature of regulation, a ruling by the court in favor plaintiff Jarkesy – which seems likely – would require extensive reform of regulations in at least 30 … [Read more...] about Free Market Watch
ReD ReportRetail Summary: Fourth Quarter 2023
Northern Nevada By Gary Tremaine, Dickson Commercial Group The retail market in Washoe County continued to have a strong quarter, with over $93,653,731 in transaction volume. Q4 was highlighted with one large sale of $13,750,000, two sales over $9 million and an average sale price of $3,746,149. There is a continued interest in northern Nevada by both regional and national … [Read more...] about ReD Report
Business IndicatorsApril 2024
The second estimate of U.S. real gross domestic product (GDP) for 2023Q4 expanded at an annual rate of 3.2 percent, revised downward by 0.1 percent from the advance estimate. The downward revision reflected decreased private inventory investment, which was partly offset by increased state and local government and consumer spending. Overall, the robust growth was mainly driven … [Read more...] about Business Indicators
Free Market WatchSEC v. Jarkesy: From Progressivism to Constitutionalism
America’s progressive movement began with the Pendleton Act of 1883, which created federal civil service. It continues to the present, addressing many areas, including antitrust, women’s rights, eugenics, income/wealth equality, environmental protection, labor laws and others. Notable progressives have included Woodrow Wilson, his mentor Richard Ely, Margaret Sanger, William … [Read more...] about Free Market Watch
Around the StateMarch 2024
Tract Acquires Additional 517 Acres Inside TRIC for Data Center A developer of master-planned data center parks, Tract, announced the acquisition of an additional 517 acres inside the Tahoe-Reno Industrial Center (TRIC). The site is adjacent to the company’s previously announced 686 acres within TRIC along Peru Dr. and expands the company’s footprint to support the growth of … [Read more...] about Around the State
ReD ReportIndustrial Summary: First Quarter 2024
Northern Nevada By Angel Orozco, CBRE The Reno industrial market was comprised of approximately 114 million sq. ft. at the close of Q1 2024. There was over 2.7 million sq. ft. of new product delivered to the market in Q1 2024. The construction pipeline had over 960,000 sq. ft. underway with another 17.3 million sq. ft. in various planning stages. The overall average asking … [Read more...] about ReD Report
ReD ReportOffice Summary: Fourth Quarter Summary 2024
Northern Nevada By Jordan Lehman, Colliers | Reno Reno’s office market saw a blend of market fundamentals in the fourth quarter of 2023 as investment activity rebounded, available sublease space shrunk, and net absorption continued to decline. After a slow start to the year, fourth quarter sales grew to $53.3 million. The sublease market contracted again this quarter as … [Read more...] about ReD Report
Business IndicatorsMarch 2024
The advanced estimate of U.S. real gross domestic product (GDP) for 2023Q4 increased at an annual rate of 3.3 percent. While real GDP experienced robust growth driven by strong consumer spending and increased business investment activity, the deceleration observed in the fourth quarter from the 4.9 percent third quarter was mainly due to slowdowns in federal government spending … [Read more...] about Business Indicators