Landlords Rule – Northern Nevada’s Industrial Real Estate Market Performance Q2 20170

Posted by Thomas Miller, CCIM

miller-industrial-properties-market-advisor-market-report-northern-nevadaWith the end of the second quarter comes the availability of the latest issue of our Market Advisor, a free quarterly publication that reviews industrial real estate performance in northern Nevada. The big takeaway from Q2 2017 in our local market? Landlords rule.

Landlords Rule in Q2 2017

From the report:

“The second quarter of 2017 was noteworthy for industrial real estate in northern Nevada. The critical statistics all shifted to reflect the vibrant market velocity we are experiencing. In a word, our market is hot right now… Landlords are, of course, well aware of the market conditions trending ever so much more in their favor and have reacted with higher scrutiny to the quality of the tenant, increasing rental rates and offering fewer concessions. The sting of the years of below-market deals offered to tenants in the post-recession era has not been forgotten and the time for landlords to recover is now.”

The Market Advisor reviews quick trends for lease rates, vacancy, construction, market velocity and outlook. There are statistics for net absorption and vacancy, a sub-market breakdown, an overview of significant transactions during the second quarter, and a forecast for the remainder of the summer and into the fall. Download your free copy now.

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About the Author

Thomas Miller, CCIM

Thomas Miller, CCIM is the president and broker of Miller Industrial Properties in Reno, Nevada. He has worked in industrial real estate since 1991, with 15 years of previous experience designing and building industrial warehousing and manufacturing facilities in the northern Nevada market. Contact Tom at tom@mipnv.com or 775-742-9891.

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