Ahead of today's new company announcement by EDAWN, the Northern Nevada Industrial Commercial Real Estate Market has been buzzing for the past few months.
Published by the Reno Gazette Journal this week was an article focusing on the Industrial market and the millions, yes millions, of square feet that has been occupied this summer. Dave Simonsen, Senior Vice President, Principal of the NAI Alliance Industrial Properties Group provided much of the commentary for the piece.
The main point is that, currently, companies are looking to expand. More importantly, they are looking at Northern Nevada as a very attractive option. A total of 38 transactions were closed in the second quarter of 2013 alone, bringing the vacancy rate down to 12.9%. Diversified Distribution Services, UTI/Starbucks, Arrow Electronics, and Jacobsen Companies are just a handful of the companies expanding in Northern Nevada.
Today, EDAWN will be announcing a company bringing close to 140 jobs to Northern Nevada, and will follow up on Monday with an announcement of a new company who will inject another 150 jobs to the market.
Good things are in the air for jobs and new business in Northern Nevada. Now if somehow we could get out of fire season....
You can view the entire article by the RGJ by clicking here.