4.5 million square feet of industrial space planned for 2019 in Northern Nevada

Northern Nevada Business Weekly

Posted In — News & Press | In the News

More than 4.5 million square feet of new industrial is planned for the region, which far exceeds the 2.8 million square feet of new inventory added in 2018, say Mike Hoeck and Mike Nevis, two longtime industrial specialists with the Reno office of commercial brokerage house Kidder Mathews.

“That is substantial – almost double the amount delivered the prior year, which was a big year,” says Nevis, senior vice president and partner with Kidder Mathews. “It’s an eye-opener for sure. In the past five years, we have delivered and absorbed a substantial amount of space, and Reno continues to be a healthy market for absorption.”

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