NAI Alliance Q1 2013 Retail Market Report Now Available

The Northern Nevada economic climate is showing signs of improvement, perhaps indicating that the retail vacancy rates may have peaked. The current overall vacancy level in Reno/Sparks declined to 17.99% from the previous quarter of 18.52% and 18.60% from the previous year.

The anchor space vacancy is currently at 14.88%. In-Line shops have decreased in vacancy from 23.07% last quarter to 22.62% this quarter. Total net absorption for this quarter was 16,779 square feet. The total gross absorption was 117,700 square feet for this quarter.

Click here to read the entire report.

 

Reno Providing Thought Leadership and Innovation through Local Events

While we all may think of ourselves as outside of the box thinkers, what do we do to truly inspire?  How do we help the collaborative effort?  How do we create our niche as the go-to company? How do we hit targets we may have thought we could never get to?  How do we turn our “small” ideas into something that we know can impact a community, a region, a state, a nation, a world? How?

Well, here in Reno, there has been a groundswell of activity to answer just that question – How?

Starting with the University of Nevada TEDx event January 25, to the Project Vesto competition February 8-10, the Startup Reno Weekend February 22-24, the Reno Hackathon March 2-3, and the latest TEDxReno event announced for April 26, northern Nevada is becoming a think tank for individuals to have a venue to express their creativity in the hopes of developing the next great idea.

These innovative and collaborative forums provide individuals and teams the opportunity to not only get together, but inspire one another.  If we continue down this fostering path, northern Nevada, and our economic development, will continue to ascend.

The benefit to northern Nevada is the growing commitment to helping grow the community with new business ideas, and more importantly new businesses, which will help continue our upward tick regarding the economic issues we are continually rising above.  New ideas, new innovation, new businesses, new education, new jobs.

With education surpassing jobs as a main concern in a survey published by the Retail Association of Nevada and posted on RGJ, the goals of thought leadership, innovation, collaboration, and education are prevalent in the area.  Events and organizations that foster this type of leadership should be commended, as we will all benefit from these efforts in northern Nevada.

NAI Alliance is all in for northern Nevada.  We live here.  We play here.  We work here.  We will grow here.