Your best choice for Reno/Sparks commercial real estate
and Industrial Properties

If you are interested in key Q3 2010 statistics for the Reno-Sparks industrial market, please review the following:

Total Industrial Building Footage:     72,000,000 square feet

Total Population in Reno-Sparks:       341,000 people

USA City with Largest Industrial Footage Per Capita:   Reno-Sparks

Q3  2010 Industrial Vacancy Rate:   15.1%

Q3  2010 Industrial Sale & Lease Transactions:  37

Q3 2010 Industrial Transactions Footage:   419,000 square feet

Q3  2010 Industrial Net Absorption:    152,000 square feet

Welcome to Gary Baker’s commentary on Reno-Sparks commercial and Reno-Sparks industrial news and opportunities in Northern Nevada. Reno and Sparks commercial property is a big investment and there is so much to consider, such as:
What is the current zoning in Reno-Sparks? Will the shape of the land work for my business?  How large a building do I need?  How much room will we need for parking?  What are the setbacks? If you depend on retail traffic – how much traffic drives by the property? Is access to the property convenient? Do I need retail, office or industrial property in Reno-Sparks?

If you are interested in leasing or selling your land, retail store, industrial property or warehouse, Reno-Sparks Commercial will actively market your property to viable prospects.  If you are ready to grow your business by expanding or moving to a new location,Reno Sparks Commercial offers the expertise you can depend on.  Together, you and Reno Sparks Commercial will see your company’s needs fulfilled.

If you are searching for key statistics concerning our Reno-Sparks industrial market, you will find the following both interesting and timely:

Total Industrial Building Footage:   72,000,000 square feet

Total Population in Reno-Sparks:   352,000 people

USA City with Largest Industrial Footage Per Capita:  Reno-Sparks

Q1  2010 Industrial Vacancy Rate – all Sub-Markets:   15.1%

Q2  2010 Industrial Vacancy Rate- all Sub-Markets:   15.5%

Q1  2010 Industrial Sale & Lease Transactions:  34

Q2  2010 Industrial Sale & Lease Transactions: 40

Q1  2010 Industrial Transactions Footage:  1,156,000 square feet

Q2  2010 Industrial Transactions Footage: 933,000 square feet*

* One transaction (Ryder Logistics) accounted for 390,000 square feet= 42% of total for Q2  2010.

After thirty-eight consecutive years as a commercial real estate broker and specializing in Reno-Sparks industrial properties for lease or sale, I’m frequently asked what are the key attributes a client should look for when selecting a Northern Nevada commercial realtor. In the coming months I will offer what I believe are the primary considerations- in order of importance- leading to that important decision. Some commercial realtor’s attributes are objective and easy to rank while others require subtle methods of evaluating. So let’s begin the process of finding the “ideal” realtor for your special requirements!

Comprehensive market knowledge heads the list! And that knowledge must be specific to your required property type: industrial, office, retail, or investments. The most effective commercial broker is a specialist- not the “generalist”. This is especially true in our Reno-Sparks commercial market where there is no “Commercial Multiple” that brokers can subscribe to that compiles a database of all available properties (buildings and land) in any of the four specialties.

In my opinion, if you are seeking to lease or acquire an industrial building in Reno-Sparks, designate a broker whose sole practice involves only one property type and who can demonstrate that his firm maintains a proprietary database of all available Northern Nevada buildings and land in Northern Nevada in that property type. There won’t be many Reno-Sparks brokerage firms that offer that service- actually only four at this time.

Market knowledge doesn’t come from using third-party database services such as Loop Net or Co-Star because at best they track less than 60% of the available properties in Reno-Sparks at any given time.

I believe your best interests are served, and you can make the most informed property decision, only when you retain the most knowledgeable and experienced commercial broker who is focused on only one property group. For example, if your knee hurts would you consult a dentist for help? Of course not! If your company needs a 50,000 square feet manufacturing building in Reno, for example, would you seek the assistance of an office or retail broker? Not if you wanted to see every currently available industrial property that met your criteria!

Here’s an excellent test to verify you have the most market knowledgeable commercial broker working for you: call a commercial broker and give them the following information: (1) preferred location(s) in Reno-Sparks; (2) range of desired building sizes; and (3) recite your five key building features needed for your business. Now ask them to respond, in writing, with a list of submittals meeting those criteria and to email the results to you (in whatever “format” the broker elects) within one hour! The broker you really want representing you will meet that challenge and you will likely be pleasantly surprised at the results!      

More suggestions on how to select your commercial realtor in coming weeks!

This outstanding 19,451 square feet industrial facility at 1215 Alexandria Court is listed by Gary Baker, Senior Vice-President, of Coldwell Banker Commercial-Clay   & Associates, in Reno, Nevada.

This Class A concrete tilt-up industrial building was constructed in 2005 by Lainer Development- a family owned developer that has constructed over 3.5 million square feet of industrial space in Reno/Sparks and California. It is a free-standing facility situated on a one-acre parcel in the westerly portion of the Tahoe-Reno Industrial Center- the nation’s largest industrial park based on land area. Read On … »

690 E. Glendale Avenue is am 11,310 square feet industrial building listed for lease by Gary Baker, Senior Vice-President, of Coldwell Banker Commercial- Clay & Associates, in Reno, Nevada.

This concrete tilt-up facility was constructed in 1974 and has special zoning locational advantages in the City of Sparks as it is located on one of only four streets in Sparks where industrial uses are allowed to have ancillary retail operations. The facility is located in the Glendale East Business Park- a thirteen building industrial development situated adjacent to I-80 Freeway at the McCarran Boulevard off-ramp.

The facility is located at the northwest corner of E. Glendale Avenue and Watson Way. It features a hard-to-find interior truck dock (17′ x 37′), plus grade level truck loading, 400 square feet office area, coffee bar, 16′ clear height, fire sprinkler system, extra large restrooms, “bonus” mezzanine storage, a 200A,120/208V power panel, and parking for up to twenty-two vehicles on-site.

For more information contact Gary Baker by email (gary@renosparkscommercial.com) or phone (775) 823-9393
Visit my website: www.bakerreno.com

5476 Reno Corporate Drive, Reno, is a 13,048 square feet Class A Reno office facility listed for sale or lease with Gary Baker, Senior Vice-President of Coldwell Banker Commercial- Clay & Associates in Reno NV, Nevada. Read On … »

9748 S. Virginia Street, Unit F, is a 5,440 square feet Reno retail service facility located in Foothill Commerce Center (just north of Winco Foods), one block north of the South Meadows Parkway off-ramp to US 395 in south Reno. The 40′ x 136′ space is listed for sale or by Gary Baker, Senior Vice-President of Coldwell Banker Commercial- Clay & Associates, in Reno NV (Nevada). Read On … »

770 Alexandria Court in McCarran (fifteen minutes east of central Reno)is a planned 40,320 square feet industrial facility listed for lease by Gary Baker, Senior Vice-President of Coldwell Banker Commercial- Clay & Associates, in Reno, Nevada.

When built this concrete tilt-up facility will be available for a single tenant or may be leased as 18,480 square feet or 21,840 square feet. The property is located in Phase I (westerly portion) of the Tahoe-Reno Industrial Center- the nation’s largest industrial park based on acreage.

This free-standing facility will feature: 24′ stacking height, 800A, 277/480V power panel (or larger if required), five dock high truck doors and two grade level loading doors, parking for seventy cars, skylights, and energy efficient high output T-5 warehouse lighting fixtures,

For more information contact Gary Baker by email (gary@renosparkscommercial.com) or phone

(775) 823-9393. Visit my website:  www.bakerreno.com