Industrial properties are those that support industrial uses, meaning either the land intended for development or the buildings intended for uses ranging from distribution and logistics to warehousing and manufacturing, to services that support the local community. Metro areas in Nevada are becoming increasingly land-constrained, and developers are turning to infill properties … [Read more...] about Industrial Properties in Nevada
Building Nevada
Going, Going, Almost GoneDevelopable Land in Nevada
Nevada is the seventh-largest state in the US by land area, covering more than 110,500 square miles. It sounds like more than enough land for both commercial and residential use, in metro areas and rural areas. Despite being among the smallest states by population, Nevada is also among the fastest-growing. Attainable housing isn't keeping pace with population growth. It's … [Read more...] about Going, Going, Almost Gone
Building the Next Generation of Nevada’s Healthcare IndustryAs Nevada Grows, So Do the Demands for Healthcare Facilities
Construction across Nevada is on the rise, and healthcare facilities are no exception. Muliple projects are underway throughout the state to create and improve the points of access for healthcare. What’s new? “Part of our overall mission is to keep more Clark County residents in Clark County for their care,” said Matt Latuchie, vice president of strategic development at HCA … [Read more...] about Building the Next Generation of Nevada’s Healthcare Industry
Experiences and Retail TherapyNevada’s Commercial Real Estate Retail Market
Power centers, lifestyle centers, strip malls, freestanding pads all encompass retail with existing properties, ground leases and new construction. Even after the pandemic convinced everyone that brick-and-mortar shopping was done for, people still go shopping. There's something about browsing tangible goods, mingling with other shoppers, meeting a friend for coffee, and going … [Read more...] about Experiences and Retail Therapy
The Capacity for GrowthNevada’s Utility Companies Pave the Way for Economic Development
Flip a switch, lights go on. Set the thermostat, natural gas flows. Water flows from faucets. Nevada is a desert, so water conservation is natural. But the capacity to supply utilities statewide depends on conservation of natural resources and increased production of utilities businesses and residents depend on. Utilities companies work behind the scenes, making investments … [Read more...] about The Capacity for Growth
Somewhere to Hang Your HatNevada’s Residential Housing Market
Everybody's got to live somewhere, and as Nevada continues to diversify its economy and remains state tax-free and business-friendly, more people are choosing to hang their hats in Nevada and call it home. It's just there aren't quite enough hat racks. Coming into 2026, the Nevada housing market can best be described as stable. There are no big jumps in housing prices, and … [Read more...] about Somewhere to Hang Your Hat
Architects and EngineersDesigning Nevada’s Commercial Real Estate
The commercial real estate market (CRE) is always changing, responding to economic forces, to population changes, to vacancy rates and demand, and to trends of how buildings in the different market segments – industrial/warehousing and distribution, retail/restaurant, office, healthcare/medical office, multifamily/apartments – are being utilized. CRE buildings come to life … [Read more...] about Architects and Engineers
Nevada’s New NormalCommercial Real Estate Office Market After COVID
When earthshaking events occur, there's often consensus that nothing will ever be the same. Followed often by everything being pretty much the same. But COVID caused a monumental shift in everything, including commercial real estate, and the effects still resonate. Back when the lockdown hit, companies scrambled to stay afloat, some changing how they did business, others … [Read more...] about Nevada’s New Normal
Entitlements in NevadaPlan Checkers and Checklists
Any development project in Nevada must go through a process of entitlement by the local city or county. Entitlements give a landowner the legal right to develop or redevelop a property, so obtaining an entitlement is a crucial first step in any construction project. The entitlement process can be long, tedious, and frustrating for both government agencies and … [Read more...] about Entitlements in Nevada
An Update on Nevada’s Financing IndustryWhat goes into getting a project financed and keeping it afloat
Business is booming across the state of Nevada. As established international companies continue to move offices and even headquarters to the region, alongside new, local businesses opening doors, one issue is top of mind: financing. The Financing Process Shannon Petersen, executive vice president and corporate banking director of Nevada State Bank, said … [Read more...] about An Update on Nevada’s Financing Industry
Made to OrderTenant Improvements in Today’s Commercial Real Estate Market
Tenant improvements (TIs) are a huge part of commercial real estate construction projects. Not because there aren't enough properties, or because of the pace at which business moves in Nevada. "The biggest reason is that investors and/or users have a significant impact on decision making because tenant improvements are about twice what they were cost-wise five years ago," … [Read more...] about Made to Order
Growing ForwardBuilders and Developers in Nevada
It's no secret: Nevada has been booming. With building and development, and a growing population. Residential construction can't keep up with population influx. Industrial real estate has gone through cycles of too much inventory to periods where development authorities are begging for spec buildings. Retail building is ramping up in the wake of COVID, shoppers … [Read more...] about Growing Forward
Let’s Go ShoppingRetail in Nevada
Online shopping was already changing the face of retail when COVID hit and everything closed down. Without the ability to shop brick-and-mortar stores, consumers ramped up ordering online with delivery. Some physical stores closed, mom and pop or regional among them. Others were able to thrive post-lock down, pivoting and taking advantage of new shopping trends, from delivery … [Read more...] about Let’s Go Shopping
Brick by BrickNevada’s Custom Home Outlook
While home prices continue to increase across the state and mortgage rates remain elevated, the state of Nevada’s luxury home market is on the rise. Back from a pullback on construction in 2022, the number of luxury homes built and sold has only gone up. From Lake Tahoe and Reno down to the Las Vegas Valley, brokers and builders alike are having a busy … [Read more...] about Brick by Brick
Planes, Buses, and Infamous Orange ConesA Transportation Update for the State of Nevada
Across the state, an orange traffic cone is colloquially considered Nevada’s “state flower.” It may seem like every road, empty lot, and public building is under construction – probably because they often are. According to the U.S. Census, Nevada’s population has grown every year since 2010, with huge spikes in the last two years, making it the … [Read more...] about Planes, Buses, and Infamous Orange Cones