Chuck Salley, SIOR’s Post

The Reno/Sparks industrial real estate market remains resilient however, vacancy has increased and subleasing opportunities abound. Read more in our 2024 Q1 Research Report: https://lnkd.in/gds8Yuih #Reno #industrialrealestate #northernnevada

Pacific Northwest Industrial Market Stays Stable

Pacific Northwest Industrial Market Stays Stable

🗣️Let’s talk Reno Industrial Delivery Trends! 🗣️ The Northern Nevada Industrial Market has seen the highest delivery of new products in the market's history with 2,799,402 SF of new construction. Over 2.3M SF of that was speculated development. This brings the year-to-date total of new deliveries to 4.75M SF, marking the most SF delivered in a single year since 2007. Even with 2.8M SF of new construction delivered, over 1M SF was pre-leased at the time of delivery, indicating strong market fundamentals. We expect to see sales activity slowly start to gain traction in the coming quarters with inflation coming down. 📲 Have questions or wanting to invest? Contact us today! #acresadvisorygroup #commericalrealestate #landacquisition #landdevelopment #commercialbrokerageservices #reno #austin #lasvegas #houston

Pacific Northwest Industrial Market Stays Stable

✨🚀Eldorado Valley in the City of Henderson is the future for industrial Growth in Southern Nevada!!🚀✨ Did you know there are several thousand acres of public lands between Henderson and Boulder City? 🌄 We call this land Eldorado Valley, and it's destined for more industrial growth in Southern Nevada! 🚀 In 2023, Henderson annexed 8,000 acres of Eldorado Valley, strategically located for industrial use, manufacturing, and logistics. 🏭 We are excited to partner with NV Energy to develop the first industrial park in this area! 🌟 This will further our Henderson Economic Development Initiatives to attract more companies and more job opportunities to the region!📈 Let’s go!!🙌 Learn more about Eldorado Valley and its potential: [Henderson Now](https://hendersonnow.com) #EldoradoValley #IndustrialGrowth #HendersonNV #EconomicDevelopment #FutureOfIndustry #Manufacturing #Logistics #NVEnergy #SouthernNevada #SustainableGrowth

The growth of any urban area is highly dependent upon its geographic situation, and much has been written about the particular locational advantages that resulted in the complex urban systems of modern America. Why did Pittsburgh develop as a major steel manufacturing center? Located at the confluence of the Monongahela and Allegheny Rivers which join as the Ohio River, the location afforded inexpensive water transportation of the raw materials necessary for steel production: coal and iron ore. But its particular shape is a function of topography and transportation – as the city grew, it did so along major transportation arteries that led to the city center. Along the way, there are gaps in the urban areas of more rugged terrain.