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  • Writer's pictureTom Miller, CCIM

First Quarter Industrial Real Estate Report – Recovery Continues

All good news in the first quarter of 2015, even if at first glance, the numbers suggest otherwise. From the Q1 2015 Market Advisor, “While we cannot point to another group of mega-deals that completed in 2015, we can report a gross market absorption of almost 900,000 SF. However, since the Reno market is well along in the new development phase, we are now experiencing significant new inventory coming on line and the raw statistics sometimes indicate a market picture that is inaccurate. In this quarter, vacancy is up from 8.77% to 9.52%, about an 8% increase…”

Get the details as to the increase in vacancy here in northern Nevada’s industrial real estate market, plus a comprehensive look at other area statistics, trending and a forecast for the year. Download our Market Advisor from the Resources page now.

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Miller Industrial Properties, Sparks, Reno, Nevada
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