Thursday, August 19, 2010

Nobody knows

Posted by: Dave Simonsen
Industrial Specialist
775 336 4667

Dave has more than 21 years experience as a commercial real estate broker. Dave exclusively works with industrial tenants, buyers, developers, landlords and land owners. He has represented companies such as AT&T, Barnes & Noble, Converse, DHL Worldwide, Delta Industries, Hawco Development, Lucent Technologies, IBM, Hopkins Distribution, Nextel, NEC, Sherwin-Williams Company, and UPS.

Nobody knows anything
by Dave Simonsen for the Northern Nevada Business Weekly

“Who the hell knows? But it seems to be getting better.”

This is a common response of commercial real estate agents when asked the question of how the market is doing. In a recent national survey of commercial agents within the Society of Industrial and Office Realtors the majority of SIORs felt that conditions in their market would improve in the next quarter. This is a drastic improvement compared to an early 2009 survey, where less than ten percent of SIORs had a positive outlook on conditions in their market. No doubt we are in challenging times but the glass now seems to be half full rather than half empty. This survey parallels sentiment throughout the Reno-Sparks market. On the positive side more