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.
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