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
Tahoe Reno Industrial Center
Metcalf Builders Advances Nevada’s Industrial Growth with Construction of East Building 6 at Comstock Commerce Center
Metcalf Builders, an award-winning general contractor specializing in industrial and manufacturing construction, announced the groundbreaking of East Building 6 at the Comstock Commerce Center. This $24 million project, located within the booming Tahoe Reno Industrial Center (TRIC), underscores continued investment in Nevada’s expanding industrial sector. Situated at 2200 … [Read more...] about Metcalf Builders Advances Nevada’s Industrial Growth with Construction of East Building 6 at Comstock Commerce Center
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
Unique ChallengesRural Nevada, Housing and Innovation Zones
When it comes to rural communities, flexibility and community support are essential proponents for any business. Right now, there are a lot of interesting things happening in rural Nevada. At the top of the list is the issue of innovation zones. A company proposing to create self-governing, corporate-owned communities within thousands of acres of land it owns in a rural county … [Read more...] about Unique Challenges
Industry FocusBuilders & Developers
Over the past decade, builders and developers in Nevada have seen a host of changes and have had to adapt to a difficult and quickly changing economic landscape. Leaders in this industry recently met at the Las Vegas offices of City National Bank to discuss the future of building and development in Nevada. Connie Brennan, publisher and CEO of Nevada Business … [Read more...] about Industry Focus
Retail Summary: First Quarter 2017
SOUTHERN NEVADA The Las Vegas Valley’s overall industrial vacancy rate in Q1 2017 was 5.5 percent, 0.3 percentage-points up from the 4th quarter of 2016. The warehouse/distribution product type was responsible for the vacancy increase as vacancy was down in all other product types. A large amount of warehouse/distribution space came to market in the second half of 2016; and … [Read more...] about Retail Summary: First Quarter 2017
Nevada Infrastructure: Keeping Up with a Growing State
According to the U.S. Census Bureau, Nevada’s 1.95 percent population growth rate from July 2015 to July 2016 made it the second fastest-growing state in the country, slightly behind Utah’s 2.03 percent. With the state’s official population nearing the three million mark, how is infrastructure keeping up with growth? The Orange Cone Zone Some of the funding for Nevada’s road … [Read more...] about Nevada Infrastructure: Keeping Up with a Growing State
Around the State: March 2017
USA Parkway Extension Hits Midway Mark The Nevada Department of Transportation (NDOT) has reached the 50 percent milestone in the completion of the USA Parkway extension. The project connects Interstate 80 and U.S. 50 in Storey and Lyon counties. USA Parkway was originally constructed as a privately-built, six mile road connecting I-80 to the Tahoe Reno Industrial Center east … [Read more...] about Around the State: March 2017
Industrial Summary: Fourth Quarter 2016
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q4, 2016 was 4.8 percent. Since Q3, 2015 the Valley’s industrial market rate has been at full occupancy and has been absorbing new space while remaking the existing inventory to accommodate larger space demand. Q4 saw 2,045,634 square feet of completed space, all of it in the warehouse/distribution … [Read more...] about Industrial Summary: Fourth Quarter 2016
Manufacturing: Organizations Work to Bolster Industry
A major focus of the state’s economic development organization and other agencies throughout Nevada is growing and supporting the state’s manufacturing industry, and their efforts continue to bear fruit. “There are so many people working right now, from the governor all the way down, to make sure we provide workforce and housing and stimulate the economy in ways that have … [Read more...] about Manufacturing: Organizations Work to Bolster Industry
Around the State: July 2016
UNLV Releases White Paper on Fiscal Impact of Nevada Sales Tax In an effort to determine future impacts of a possible sales tax on services, the University of Nevada, Las Vegas has released a white paper, A General Sales Tax on Services in Nevada: Fiscal Impacts & Stability. The white paper found that the best-case scenario for potential revenues from a uniform tax of 2 … [Read more...] about Around the State: July 2016
Industrial Summary: Fourth Quarter 2015
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q1, 2016 was 5.0 percent, a rise of 0.3 points, from 4.7 percent in Q4, 2015. Q1’s increase was the second quarter in a row with an increase in vacancy rate. Still, with the vacancy rate at such a low level, these rises are not a cause for concern. The strong growth in demand for industrial space, along … [Read more...] about Industrial Summary: Fourth Quarter 2015
Economic Forecast 2016: Increasing Stability and Growth
According to analysts, Nevada’s economy will continue to show improvement in 2016, but with a few new wrinkles thrown in. Rising wages will mean more disposable income, which in turn boosts consumer spending. Job creation, described as the single best indicator of economic growth, is expected to add more than 52,000 workers to company payrolls this year, according to the Nevada … [Read more...] about Economic Forecast 2016: Increasing Stability and Growth
Nevada’s Residential Housing Market
One of the first questions that comes up during a discussion of the residential housing market is whether it’s a buyer’s or a seller’s market – who’s got the advantage? After the housing bubble burst in 2006 and the events of the recession, Nevada’s housing market began to grow again over the last four years, with 2013 stronger than 2014, and 2015 looking a lot like 2013. … [Read more...] about Nevada’s Residential Housing Market
Industrial Summary: Second Quarter 2015
Southern Nevada The overall vacancy rate for the Las Vegas Valley Industrial market in the second quarter was 6.2 percent, a drop of 0.5 points, from 6.7 percent in the first quarter of 2015. This decline equates to ten straight quarters of declining industrial vacancies. The strong growth in demand for industrial space, paired with resurgent construction and industrial … [Read more...] about Industrial Summary: Second Quarter 2015