“Market stability sets in” is the headline of the Q4 MIP Market Advisor, a title that perfectly summarizes local performance over the last three months. Indications of the long-awaited return of balanced market included a lowering in vacancies and a rising of prices. Demand for the highest quality inventory continued to rise and developers are responding with new projects rolling out now and later in the new year. The arrival of Tesla in northern Nevada has turned heads, evidenced by continued investor interest that will most certainly continue through 2015.
For specific percentages on net absorption and vacancy, a sub-market breakdown, significant transactions of Q4, construction action, trending and a 2015 forecast, download your free copy of our Q4 2014 Market Advisor. Visit our Resources page and scroll down to 2014 Northern Nevada Market Reports.
And check out the Reno Gazette-Journal’s story on fourth quarter industrial real estate performance too. Our Market Advisor serves as the sole source of data.
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