Oct 29th 2007 Market Information
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| The economy in Northern Nevada is expanding from a core of gaming, warehousing, and mining to include industries such as bio-med, alternative energy, mineral excavation and technology companies, adding to an already robust economy. Nevada’s pro-business, low-tax environment is one of the most favorable tax structures in the nation and a leading reason why the Reno, Nevada area is attractive to businesses. |
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| Recreational activities abound in Northern Nevada, largely due to the climate and distinct seasons the area experiences. The lakes in the region (Tahoe, Pyramid, Lahotan to name a few) are popular during the summer with over 50 days that reach 90º and above. During the winter months, the local ski resorts see thousands of visitors enjoying the abundant snows. Average High for Reno: 67.4º Average Low for Reno: 35.2º |
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| Reno/Sparks/Tahoe is home to many great events including the Reno/Tahoe Open, Hot August Nights, the Reno Rodeo, Reno National Championship Air Races, Street Vibrations, Great Reno Balloon Races, National Bowling Stadium, and Shakespeare at Lake Tahoe. Some other events include: Cinco de Mayo, Italian Festival, Reno West Coast Wine Competition Tasting, and Holiday Festival on Ice. Artown, one of the most successful and largest visual and performing arts festivals in the country includes over 200 events and spans the entire month of July. | With it’s favorable tax structure, distinct four-season climate and year-round entertainment, Northern Nevada is a great place to live and conduct business. If you’d like to learn more about the local market as it relates to commercial real estate, please view past issues of our office newsletter or subscribe here. |
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