Over 7,000,000 SF of Flex, Distribution and Manufacturing space exists with lease rates ranging from $ .28 SF NNN and the sale of older buildings are averaging upwards of $45 SF.

800,000 – 1,200,000 SF is planned with lease rates ranging from $ .60 to $ .75 SF per month NNN and the sale of new smaller Flex spaces is upwards of $85 SF.

Industrial Land is available in the outlying areas ranging from $1.75 - $ 3.00 SF and in the heart of the industrial locations sells for approximately $6.00 SF.

Rental rates range from $1.00 SF/month in the downtown and Airport areas to $3.00 SF for newly constructed Class A. 2004 will see approximately 350,000 SF of new construction. In addition more Garden Style offices are planned in Sparks and South Reno for lease and for sale.

Land ranges from $14 - $ 20 SF with the purchase of a new office starting at $185 SF with a Tenant allowance from $18 - $ 30 SF.

Inventory base is approximately 10,000,000 SF with 2,700,000 SF planned for the next two years. Inline monthly rents for existing product ranges from $1.35 to $1.85 SF plus CAM’s from $ .20 to .45; whereas new developments are generating $2.00 to $3.50 SF with CAM’s as high as $.85 SF. Pad sites sell or are leased at $18 - $25 SF.

The active residential market has created the huge demand for this retail. New Super Wal-Mart’s Kohl’s Grocery Store anchored centers as well as an upscale “Open Air Center” are among the fifteen proposed expansions or new centers.