Las Vegas The Las Vegas Valley industrial market continues to report rising vacancies and further pricing adjustments. The vacancy rate moved upward to 19.0 percent as 418,900 square feet of negative net absorption was reported during the first quarter of 2012. For comparison purposes, the vacancy rate is up 0.4 percentage points from the previous quarter (Q4 2011), and is … [Read more...] about Industrial Summary: Fourth Quarter 2011
Southern Nevada
Tourism: Welcome Back
Nevada’s travel and tourism industry employs one-third of the state’s population. From hospitality to gaming and from the “What happens in Vegas Stays in Vegas” campaign to Northern Nevada being America’s Adventure Place, the Silver State has been promoted as a world class destination. At the same time, “diversify” has become the State’s battle cry over and over, with warnings … [Read more...] about Tourism: Welcome Back
What is Paper? Nevada Embraces Technology and the People that Create It
Remember when businesses relied on rotary phones, typewriters and snail mail, when sales were done face to face and clients paid by cash or check? Today’s essential work tools are a cellphone, laptop or tablet and the Internet. We have e-mail, videoconferencing, telecommuting, e-tail, PayPal, apps and so much more. “There are so many technologies to choose from,” said Dave … [Read more...] about What is Paper? Nevada Embraces Technology and the People that Create It
April 2012: Around the State
Nevada Sets Record for Exports In 2011, Nevada’s exports totaled nearly $8 billion, breaking the previous Nevada record of just over $6 billon set in 2008. This was a 35 percent increase over 2010 and a jump of $1.85 billion according to the U.S. Department of Commerce. The Commerce Department estimates that every $181,000 in exports supports one job. Nevada’s 2011 exports … [Read more...] about April 2012: Around the State
Retail Summary: Fourth Quarter 2011
Las Vegas The anchor-centered retail market recorded 196,600 square feet of positive net absorption during the fourth quarter of 2011, pushing the vacancy rate downward to 10.6 percent. While vacancies edged down by 0.3 percentage points from the third quarter of 2011, the overall vacancy rate remains higher than the 10.3 percent reported one year ago (Q4 2010). As the … [Read more...] about Retail Summary: Fourth Quarter 2011
Education Outlook: Weathering the Storm
Against a persistent backdrop of brutal budget cuts, shrinking revenues and heightened expectations, K-12 educators in Nevada continue to explore and implement innovative solutions to the challenges they face in the state’s schools. “We’re in the new normal now with the expectation that we’ll have to do more with less,” says Heath Morrison, superintendent of Washoe County … [Read more...] about Education Outlook: Weathering the Storm
Security at Work: How to Protect All of Your Company’s Assets
Embezzlement. Identity fraud. Data loss. Copyright infringement. Hacking. Robbery. These are only a sampling of potential threats to a business—the list is long. “There are so many different opportunities for crooks to take advantage. Everything has changed from what it was 20 years ago,” said Joe Martin, Jr., chief executive officer and co-owner of Reno-based Martin-Ross … [Read more...] about Security at Work: How to Protect All of Your Company’s Assets
2011 Legislative Session in Review: How Nevada’s Commercial Real Estate Industry Fared this Year
Each year, lobbyists flock to Carson City to push or fight legislation that stands to impact their clients’ businesses. Representatives from every sector across the state work tirelessly to ensure their voice is heard. Always present but often behind the scenes are the advocates for Nevada’s commercial real estate industry - the hardest hit sector in the great recession. This … [Read more...] about 2011 Legislative Session in Review: How Nevada’s Commercial Real Estate Industry Fared this Year