Monday, January 12, 2009

Speculative Industrial Construction Unlikely in 2009

Posted by: Carl Zmaila
Industrial Specialist
775 336 4623

All is not bad in the northern Nevada industrial market. The fundamentals for distribution and warehousing space to serve the eleven western states are strong.

One article in particular highlights this very subject. Rob Sabo, a journalist from the Northern Nevada Business Weekly, wrote “Speculative Industrial Development Unlikely this Year.” Mr. Sabo spoke with local experts about the northern Nevada industrial market and received a clear message. We are down, but not out.

Mike Hoeck, Senior Vice President at NAI Alliance pointed out in the article that people are looking but it is a lot of tire-kicking. Basically, interest in distribution and warehousing remains but everyone has been taken back by the aggressive deterioration in the national and global economy.

People are having a hard time finding rational arguments for predicating future revenue. Therefore the northern Nevada industrial market is experiencing a deer in the headlights effect. People know a good deal is out there but without solid predictors for their company on the macro scale they are frozen. But, experts in the northern Nevada industrial market believe that as the economy unthaws this industrial market in particular is well poised to bounce back quickly.

All predictions point to a strong 3rd an 4th quarter for the northern Nevada industrial market; relative to the position of the national and global economy of course. To read the entire NNBW article by Rob Sabo please click on this link Northern Nevada Business Weekly.

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