Second Quarter Performance for Northern Nevada’s Industrial Real Estate Market0

Posted by Thomas Miller, CCIM

MIP Market AdvisorMiller Industrial Properties completed its second quarter report of northern Nevada’s industrial real estate market, and it’s official – we’re enjoying the benefits of a balanced market. This issue of the MIP Market Advisor runs the numbers for the second quarter, and the proof is in the pudding. “The northern Nevada industrial real estate market momentum that exploded in Q3 and Q4 2013 continues in 2014. On the heels of the Q1 net absorption taking a pause, Q2 volume records a healthy 1,850,000 sf of gross absorption.”

The Reno Gazette-Journal used this issue of the Market Advisor heavily in its Wednesday article, “Pet food e-tailer to fill vacant Toys R Us site,” citing its statistics and industry information. In addition, the report covers lease rates, vacancy, construction and an outlook for the third quarter. Charts break down the sub-markets and net absorption as well as significant local transactions from the second quarter. Get all of the details with your free copy of the Market Advisor. And stay current with industry news in northern Nevada by subscribing to our blog via the green box to the right.

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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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