NAI Alliance is pleased to provide our Q1 2013 Industrial Market Report for commercial real estate in Northern Nevada. We’re heading in the right direction. A neutral first quarter in 2013 is much more positive than the past 3 years of negative net absorbtion in prior first quarters.
Starting level heading into Q2 means we have no holes to dig
out of. That alone creates optimism for
the market. Rents have not increased on
industrial properties, but we do foresee rent increases for specific property
types in the near future. Corporate
earnings, housing, business investment and unemployment are all trending in the
right direction helping our economy.
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