The industrial market in Northern Nevada continues to be the strongest among the commercial real estate sectors. Nevada’s advantageous tax climate along with the regions close proximity to the California markets makes Northern Nevada a key hub for distribution and light manufacturing. Despite new construction of over 3 million square feet in the region through the last half of 2023, vacancy rates continue to stay below 5% as absorption remains strong. Warehouse/distribution rents average around 85 cents/sf/month and have pushed building sales prices to the $160-$170 per sf range. With land prices in the Reno/Sparks and the Tahoe Reno Industrial Center (TRIC) ranging between $6-$12/sf, this 30 Airpark Vista land offering represents a strategic opportunity to build distribution/light manufacturing space with a much more competitive land basis and still be a part of the booming Northern NV industrial market!