WHY GROW YOUR BUSINESS IN GREATER RENO-TAHOE?

Some Great information regarding, yet, even more reasons to relocate & grow your business in the Greater Reno- Tahoe Area… from EDAWN’s Website…

Businesses of all sizes are moving to Greater Reno-Tahoe. Here are just a few of their reasons. What will yours be?

Click here for a copy of the Why Do Business in Greater Reno-Tahoe

Click here for Reno-Tahoe International Airport Highlights

Tax Benefits

• NO corporate income tax
• NO personal income tax
• NO franchise tax
• NO unitary tax
• NO inventory tax
• NO inheritance tax
• NO estate tax

Operating Benefits

• Strategic location
• Room for new and expanding companies
• Diverse labor market
• Wide range of financial resources
• Entrepreneurial services and support
• Urban, suburban, rural living options
• Quality of life

Community Benefits

• Emerging new business dynamic
• Strong sense of community
• Four vibrant seasons of recreation, arts and culture
• A balanced life pace

No matter your business, Greater Reno-Tahoe’s tax benefits and business-friendly environment can work for you. And with everything potential employees want – from entertainment options to the beauty of the Sierra Nevada – moving to Greater Reno-Tahoe can attract and retain the right people. Talk about taking the gamble out of making a move!

Bottom line: Greater Reno-Tahoe companies keep more of their profits

Which comes first, the chicken, or the egg? The age old question that’s left millions pondering since the beginning of time. Some firmly believe in the egg, others’ loyalty lay with the chicken.  So how do we relate this to Commercial Real Estate? Here we go…

The buzz at the water-cooler lately, is that the Reno & National Markets are turning around. With New home prices at an all time low,  short sales/ REO’s getting snatched up in a New York minute, land available for pennies on the dollar, and smart investors getting the itch to finally make their move, some predict an over-correction in the market, soon!

Staying on this Media backed “positive note” regarding the market rebound… Which industry comes first? Housing? Land? Office/Industrial? Retail?

You would think that because of Nevada’s lack of State Tax, Homestead Law, unlimited number of outdoor activities, and an infinite list of additional benefits & attributes that attract potential employees to Nevada, business owners from California & surrounding states would wise up and make the move to Reno. Wouldn’t businesses make the move into offices, industrial buildings, retail space,  or purchase land to build new space? That business would in turn create new jobs, which equal new employees. New employees then create a need for housing, which creates, once again,  a need for land! This pattern is what some would assume, but history proves differently.

The natural order for the Commercial & Residential markets returning after the infamous ”R word “( of which we do not speak of anymore) is past, is this:

1.Housing  2.Land 3.MF  4.Office/Industrial, 5.Retail  This doesn’t mean that office and industrial will not make any deals in the mean time. Right now much of their business is being generated by people downsizing or moving around for a better deal in the marketplace. There are also those lone investors out there snatching up high cap rate buildings since they are currently cash-flowing assets, as opposed to land. But as far as new faces moving into the market place, historically, this has been the natural order of things. Only time will tell.

So, back to the chicken or the egg deal: Will Residential drive Commercial this time? or will Commercial feed Residential?  I would love to hear your feedback Reno!

Check out the links below from Costar for Reno/Sparks & National 2009 1st Qtr Commercial Market Stats. for Office!

2009 1st Qtr RENO/SPARKS Commercial Office Stats

2009 1st Qtr NATIONAL Commercial Office Stats

Robert Pyne, CSA leased office space at 5595 Kietzke Ln., suite 101, in MountainView Corporate Centre, a high end Class A office development just south of Neil and Kietzke round-a-bout. Aaron Smith, Harvey Fennell, and Fred Miller, with Fennell & Associates Commercial Real Estate Solutions, were the leasing agents.

The Mountain View Corporate Center located in Reno, NV offers many options to eager tenants. The building itself is a low-rise Class A building with upscale finishes and built-out office suites. Right now Aaron Smith at Fennell and Associates is currently leasing these desirable office suites with a “Six Months Free Rent”  incentive in a 3 year Lease. This building is in a very desirable location, centrally located in the heart of Reno, and close to downtown and US 395. Check out the links below for more information on Mountain View Corporate Center or Call Aaron Smith 775.850.3110 for more information.

• www.RenoOfficeSpace.org   
• http://view.digipage.net/?id=mountainview_center  
• www.seetheproperty.com/41103

MountainView Corporate Center’s virtual tour is now available at:

http://www.seetheproperty.com/41103

We are offering 6 months free rent with a 3 year lease term and tenant improvement allowances for select purchases.