Professionals working in Nevada’s commercial real estate industry are being challenged on all sides. While many of these challenges are not necessarily new, others are projected to impact the industry long-term. Technology is changing the way business is done by creating more efficiencies. While this is surely positive news for an industry that is often encumbered by lengthy … [Read more...] about Industry Focus
Cushman & Wakefield
Searching for the Golden TicketNAIOP Bus Tour 2025
Searching for the Golden Ticket NAIOP Southern Nevada’s Bus Tour Committee is proud to present the 2025 Bus Tour – “Searching for The Golden Ticket”. We look forward to continuing the storied tradition of the NAIOP Bus Tour in our virtual format. Despite some economic uncertainty on the national stage, the Las Vegas real estate market continues to demonstrate remarkable … [Read more...] about Searching for the Golden Ticket
Industry FocusBrokers
Political uncertainty, limited inventory and land, and extensive red tape are only some of the challenges facing the commercial real estate industry. Added to that is the looming concern of brokers becoming obsolete due to AI and an upcoming workforce that demands higher salaries without showing up to the office. The commercial real estate industry has never been a career for … [Read more...] about Industry Focus
Women to WatchCheers to Female Leaders
Women frequently wear many hats in their life. From daughter to mother to business leader, many women feel they must be all things at all times, accomplishing the impossible. The 2024 class of Women to Watch do the impossible every day with grace and poise. Executives and decision makers, these women are following the great women in front of them and leading the way … [Read more...] about Women to Watch
Industry FocusBrokers
There are plenty of unknowns when it comes to the future of commercial real estate in Nevada. From fluctuating interest rates, to ever changing markets, brokers are focused on staying on top of the shifting sand. Recently, a group of brokers met at a roundtable sponsored by City National Bank and held in Las Vegas to discuss the status of commercial real estate in Nevada and … [Read more...] about Industry Focus
Industry FocusProperty Management
Many industries are facing significant changes due to the shifts in how professionals work after COVID. On the forefront of many of those changes is property management as they are responsible for maintaining the workplaces of Nevadans. Recently, leaders in property management met in a virtual roundtable, sponsored by City National Bank, to discuss the challenges their industry … [Read more...] about Industry Focus
Commercial RE Report: Retail SummaryFirst Quarter 2021
Northern Nevada By Dickson Commercial Group Retail had a strong start to the year in Q1 with $40,203,740 in total sales volume and 19 total sales. The average price per square foot in the first quarter was $347.20 with two sales over $1,000 per square foot. No neighborhood centers traded hands in the first quarter. The market has limited inventory and single … [Read more...] about Commercial RE Report: Retail Summary
Commercial RE ReportRetail Summary: Fourth Quarter 2020
Northern Nevada By Dickson Commercial Group Retail had its best quarter of the year in the fourth quarter of 2020 with $84.05 million in total sales volume and 19 total sales. For comparison, the total volume in Q3 was $10.3 million and the total volume in Q2 was $9.6 million. The average price per square foot in the fourth quarter was the lowest average this year at … [Read more...] about Commercial RE Report
Commercial RE ReportRetail Summary: Third Quarter 2020
Northern Nevada By Dickson Commercial Group Retail had its second slow quarter in a row with only 11 total sales. The third quarter sales volume came in at $10,303,027. In comparison, Q1 2020 had a total sales volume of roughly $42 million and there was just over $48 million per quarter throughout 2019. The average price per square foot was $331.26. The social … [Read more...] about Commercial RE Report
Commercial RE ReportRetail Summary: Second Quarter 2020
Northern Nevada By Dickson Commercial Group At the start of 2020, employment growth in Reno was among the highest in the nation. Due to COVID-19, the shutdown of many non-essential retailers has caused an impact on this growth. The Nevada Department of Employment, Training and Rehabilitation (DETR) says the state’s overall unemployment rate was at the highest in the … [Read more...] about Commercial RE Report
Commercial RE ReportRetail Summary: First Quarter 2020
Northern Nevada By Dickson Commercial Group Retail sales have been up and down quarter by quarter for some time. Q1 was down by 50 percent from Q4 but volume overall was consistent with averages when looking at the last 12 months. Two major deals made up over 55 percent of the total volume for the quarter which helped keep the numbers up. The first quarter had a … [Read more...] about Commercial RE Report
Commercial RE ReportRetail Summary: Fourth Quarter 2019
Northern Nevada By Dickson Commercial Group The fourth quarter posted the highest dollar volume by almost two times for the year with $87.14 million in sales volume over 22 transactions. Both were highs for the 2019 quarter by quarter. The most notable sale was the 10 building Sparks Galleria disposition, which accounted for roughly half of the quarter’s volume. The … [Read more...] about Commercial RE Report
Christina Roush
Managing Principal, Cushman & Wakefield Type of Business: Commercial Real Estate Based: Las Vegas, NV Hails from: Las Vegas, NV Years Co. has been in Nevada: 10Months with Company in Nevada: 9Employees with Company: 51k What was the toughest lesson you’ve learned in your career? Be humble. Let others take the credit. Who in your life has been instrumental to … [Read more...] about Christina Roush
Nevada Brokers: The Ins and Outs of Commercial Real Estate
Both the Las Vegas and Reno commercial real estate markets are well balanced and healthy for the foreseeable future, but there may be trouble past the horizon. Real estate professionals in both cities echoed similar statements in regard to the health of the markets, but Providence Commercial Managing Partner Mike Montandon said a land shortage could loom in Las Vegas. … [Read more...] about Nevada Brokers: The Ins and Outs of Commercial Real Estate
Working for Workplaces: The Office Market in Nevada
The Nevada office real estate market is set to be the most active it’s been since before the Great Recession, but one major factor could stymie the growth. Multiple real estate professionals in Nevada said 2017 was a great year for the office market and 2018 is looking even better, but the consistent absorption has led to a lack of available inventory. Unless more office … [Read more...] about Working for Workplaces: The Office Market in Nevada