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  • Writer's pictureTom Miller, CCIM

Q1 2016 Northern Nevada Industrial Real Estate Market Review

With the end of the first quarter of 2016 comes our first Market Advisor of the year. Our quarterly reports provide a snapshot of the quarter, compiling vacancy and absorption numbers, submarket breakdowns, significant transactions, a construction review and forecasting for the quarter ahead. The theme this issue? “Momentum continues despite outside influences…”

From the report:

“Market velocity was quite high for northern Nevada’s industrial real estate market in the first quarter of 2016, despite strong negative outside influences from the investment markets, terrorist events and the US political condition. The number of transactions this quarter was up about 5% from the five-year average, with gross absorption of 1,888,000 sq. ft. up a significant 37% from the same average.”

Get the full report by downloading your free copy of the Miller Industrial Properties’ Market Advisor now.

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Miller Industrial Properties, Sparks, Reno, Nevada
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