Two years into the pandemic, the commercial real estate (CRE) industry has undergone several changes and leaders in the field are learning that flexibility is key. Although, each submarket was affected differently by COVID the outlook from leaders is positive. Recently, executives representing CRE in Nevada met virtually in a roundtable, sponsored by City National Bank, to … [Read more...] about Industry Focus
Colliers Las Vegas
Commercial RE ReportOffice Summary Fourth Quarter 2021
Northern Nevada By Jordan Lehamn, Colliers | Reno Northern Nevada’s office market fundamentals displayed their strength in 2021 with declining vacancy rates, steady rent growth, and robust demand. Though many U.S. office markets experienced occupancy losses in 2021, the Reno/Sparks region saw a flurry of leasing activity as annual net absorption remained positive … [Read more...] about Commercial RE Report
Commercial RE Report Office Summary:Third Quarter 2021
Northern Nevada By Colliers Reno Reno’s office market saw increased leasing activity in the third quarter of 2021 with nearly 40,000 square feet of positive net absorption, the highest the market has experienced in five quarters. Recovering demand for office space has driven year-to-date net absorption to 58,565 square feet. Strong tenant demand this quarter pushed market … [Read more...] about Commercial RE Report Office Summary:
Commercial RE Report: Office SummarySecond Quarter 2021
Northern Nevada By Colliers | Reno Reno’s office market activity has remained strong through the first half of 2021. The region has not seen the influx of sublease office space and rising vacancies that have burdened other markets in the past fifteen months. Office vacancy increased slightly this quarter to 12.6 percent, though it remains equal to the pre-COVID rate of … [Read more...] about Commercial RE Report: Office Summary
Colliers International Represents Panattoni in the Sale of a $40.5 Million Industrial Facility in Las Vegas
Multi-tenant industrial building located in the Southwest submarket, and six miles from the Las Vegas Strip LAS VEGAS – Colliers Las Vegas’ Doherty Industrial Group announced today it successfully completed the $40.5 million sale of a 331,471-square-foot industrial property at 7900 W. Sunset Road in Las Vegas. Doherty Industrial Group’s Dan Doherty, SIOR, Paul Sweetland, … [Read more...] about Colliers International Represents Panattoni in the Sale of a $40.5 Million Industrial Facility in Las Vegas
Riffel | Jones Industrial of Colliers Las Vegas Secures $5.6m Transaction Within the Airport Submarket
LAS VEGAS – Colliers Las Vegas announced industrial brokers Brian Riffel, SIOR and Tyler Jones of Riffel | Jones Industrial successfully secured a $5,634,500 transaction on behalf of their client 5th Dimensions Investments LLC. The purchased property is a ±29,500-square-foot industrial complex located at 1965 Pama Lane in the Las Vegas Airport Submarket near Eastern Avenue … [Read more...] about Riffel | Jones Industrial of Colliers Las Vegas Secures $5.6m Transaction Within the Airport Submarket
Colliers Las Vegas Exclusively Lists Rare Undeveloped Las Vegas Resort Corridor Property for $12.9m
LAS VEGAS – Colliers Las Vegas announced its Chairman Mike Mixer, SIOR is exclusively representing a rare undeveloped H-1 zoning property for sale in the Resort Corridor of the Las Vegas Strip at the corner of Flamingo and Paradise Roads – a sale valued at $12.9 million. The more than five-acre property is within the Southern Nevada Opportunity Zone and is approved by Clark … [Read more...] about Colliers Las Vegas Exclusively Lists Rare Undeveloped Las Vegas Resort Corridor Property for $12.9m
Commercial RE ReportOffice Summary: Third Quarter 2019
Northern Nevada By Colliers | Reno The third quarter of 2019 was one of the strongest quarters for office space in recent history. A healthy 130,000 square feet of net absorption was recorded, with many large leases in the Downtown and Meadowood Submarkets. Vacancy decreased to 10.5 percent. Current office stats were strong enough to support new construction, which … [Read more...] about Commercial RE Report
Office Summary: Third Quarter 2018
Northern Nevada By Colliers Reno The Northern Nevada market continues to post strong figures with vacancy dropping and increasing positive net absorption for another quarter. The vacancy rate is down to 11 percent from 11.5 percent the prior quarter. Due to large leases in the third quarter, there was 35,382 square feet of positive net absorption. All in all, the Reno … [Read more...] about Office Summary: Third Quarter 2018
Office Summary: First Quarter 2018
Northern Nevada By Colliers Reno The Reno office market continues to be active and thriving. However, as new deals are finalized they are leaving offices vacant resulting in stagnant statistics. The first quarter of 2018 posted negative 13,792 square feet of net absorption. The Downtown submarket started the year off with 15,215 square feet of positive absorption and the … [Read more...] about Office Summary: First Quarter 2018
Office Summary: Fourth Quarter 2017
Northern Nevada By Colliers Reno The Reno office market finished 2017 strong with 61,734 square feet of positive net absorption year-to-date, despite the slight decrease in the fourth quarter with negative 17,608 square feet. The South Meadows submarket finished the year with positive 47,549 square feet of absorption, making it the top submarket in the area. In terms of … [Read more...] about Office Summary: Fourth Quarter 2017
Dermody Properties Starts Construction on Las Vegas Industrial Facility
Construction Starts on Warehouse/Distribution Facility in North Las Vegas Submarket Dermody Properties has started construction on LogistiCenter Cheyenne, a 381,804 SF distribution facility on 20 acres in the Interstate 15 corridor of Las Vegas. LogistiCenter Cheyenne is located at 4025 East Cheyenne Avenue, two miles east of Interstate 15. The key West Coast markets of Los … [Read more...] about Dermody Properties Starts Construction on Las Vegas Industrial Facility
Nevada Land Market Continues to Recover
Demand for land in Nevada has resembled a rollercoaster pattern this decade. During the real estate boom in the first half of the 2000s, both residential and commercial developers hungrily purchased land, driving up prices. With the recession, the opposite happened; development nearly ceased, land demand decreased and so did the price. Again, the pendulum has begun to swing … [Read more...] about Nevada Land Market Continues to Recover