Healthy Industrial Real Estate Market Enters 2024

Nevada Appeal   |   Rob Sabo

Posted In — News & Press | In the News

Last year was one for the record books for industrial real estate.

Just under 9 million square feet of new Class A warehouse buildings were constructed in Northern Nevada in 2023, a high-water mark far outpacing the five-year annual average of 3.5 million square feet, Kidder Mathews reports. Despite robust leasing activity, with 105 deals inked over the course of the year, the copious amount of new development pushed overall industrial vacancy rates just south of 7 percent.

For the full story, go to the Nevada Appeal.

© 2024 Nevada News Group. All rights reserved.

Share This Post