Development, Construction and Property Management
We have updated our office building at 245 E Liberty St. The remodel included exterior upgrades, redesign of interior common areas and new lobby. Stop by and take a look!
Available office space remains scarce in the South Meadows submarket but there is still space available. This is a great article on the differences in activity in industrial vs. office in that area. Take a look here.
Take a look at this recent article from the RGJ to see how trends in retail, industrial and office markets are swaying what you can expect to see in 2016. Click here to read more.
Total vacancy in the South Meadows office market was 15.7 percent in the first quarter of 2016, which is half of what it was during the recession. Read more here.
The new Nevada will need more public transportation, increased healthcare, new housing developments and a large work force to fill the new jobs, said panelists discussing the challenges facing northern Nevada in a rapidly growing region.
Approximately 200 members of the business community filled the Peppermill ballroom to hear 11 panelists discuss the topic Wednesday, Jan. 6 at the first Northern Nevada Business Weekly Most Influential People Panel Discussion and Book of Lists Launch Party.
“We are standing on the brink of a Renaissance, or a Renoiaissance as some have said,” Steve Funk, Reno radio host and the moderator of the panel discussion, said.
The area is already feeling a positive economic impact with companies like Telsa and Switch coming to the Tahoe Reno Industrial Center and the more than 25 new or expanding companies that EDAWN announced in 2015.
The 11 panelists at the event represented a wide array of industries in northern Nevada. Panelists included President and CEO of Renown Health Dr. Anthony Slonim, President of the Nevada Mining Association Dana Bennett, CEO of the Regional Transportation Commission Lee Gibson, Principal and Director of Tahoe Reno Industrial Center Lance Gilman, President and CEO of Economic Development Authority of Western Nevada Mike Kazmierski, President and Chief Strategist of KPS3 Marketing Stephanie Kruse, West Region Partner for Dermody Properties George Condon, Principal of McKenzie Properties Todd McKenzie; Managing Partner of S3 Development Company Blake Smith, President and CEO of Peri & Sons Farms David Peri and President of UNR Dr. Marc Johnson.
“This growth opportunity brings challenges to this community,” Kazmierski said. And the growth is just starting, “Tesla hasn’t started hiring and Switch hasn’t started building.”
At the event, Gilman called the audience’s attention to a map of Storey County and TRIC.
“That is the most incredible job generator probably in the world today.”
According to Gilman, Telsa and Switch alone will provide half a billion dollars in payroll a year. This will pump an estimated 1.5 billion dollars into the northern Nevada community in the next 60 months.
One of the challenges for Storey County is the limited amount of land. There is 30,000 acres of land in TRIC that are developable and only 15,000 acres have utilities installed.
More than 20 business licenses have been approved in Storey County for Panasonic, which is bringing 28 Asian companies to relocate to northern Nevada.
While growth in the region is happening fast, now is the time to start preparing for this growth.
“The challenges are going to be many over the next five to seven years,” Gilman said. “But it is not happening Monday morning.”
Several of the panelists were very optimistic about the growth.
“Rapid growth generates a lot of creativity,” UNR’s Dr. Johnson said. “We should not fear growing too fast because we will find ways to accommodate this growth.”
However, other panelists cautioned the problems that could come from rapid growth if the community does not prepare.
“A rising tide is better than a sinking tide,” Smith said. “But (the rapid growth) is concerning, we need to have some leadership as we move forward.”
According to Smith, Reno has been really good at reacting. However, the community needs to create a vision of what Reno will become in the coming years.
Another mounting challenge is the work force.
According to Kazmierski, the bulk of the jobs that are coming will not require four-year degrees. Northern Nevada will have to work to draw in talent to fill the types of jobs that the new companies will need. Part of that is making the region a thriving place to live with access to good healthcare and schools.
The new population of people coming to northern Nevada will bring with it new diseases and health challenges that the medical facilities need to prepare for as well as finding ways to promote a healthy community.
“It is not just about healthcare,” Dr. Slonim said. “It is about health and wellness.”
Smith pointed out that K-12 education is a real problem that could potentially deter people from settling in the region if it is not addressed.
“That is one tripwire that could stop growth,” Smith said.
While the event provided a platform to discuss the rapid growth, the challenges that face the region are just beginning.
“It is going to take this entire northern Nevada,” Gilman said.
McKenzie Properties has been recognized by the Summit Awards as a Developer of the Decade. The awards program is hosted by northern Nevada chapters of three commercial real estate groups — Certified Commercial Investment Member Institute (CCIM), Commercial Real Estate Women (CREW) and National Association of Industrial and Office Properties (NAIOP), an organization of industrial and office developers.
We are honored to have been included!
Due to the rising popularity of medical offices, McKenzie Properties is going to add more Reno medical offices. Right now the most popular place to construct more medical offices are in Reno, despite the vacancy of other office buildings. With these new medical offices will come new jobs to help our local economy!
Right now this project is currently in progress and we plan to start construction in the Rancharrah area off of south Kietzke Lane. We will be adding more than just medical offices, but other retail spaces that will be determined soon.
Remember to keep an eye out for more updates soon!
Finding the perfect corporate office development is a time consuming and often overwhelming experience. There are a lot of different factors that you need to consider when choosing a corporate office development to house your business. To help make the process easier on you, McKenzie Properties has created a property search tool which will provide you with corporate spaces that meet your needs. The results provided will not only meet your specific corporate office needs, but they are among the most sought after spaces in the Reno area.
McKenzie Properties latest medical office building project is underway. This medical office will be located in Rancharrah, which is located just off of south Kietzke Lane. The entire development will contain various types of retail space. Some of these spaces have yet to be determined, but the medical office buildings will be one of the primary components of this particular development. If you are interested in finding out more about this new and innovative space, contact McKenzie Properties today. We will be more than happy to discuss the specifics of the property and how it may be suitable for your particular needs.
The demand for medical office building space has been steadily increasing with the most in demand area being in Reno. While the vacancy rates of office buildings in the area have remained high, the area of medical office space has thrived. This has prompted McKenzie Properties to begin searching for ideal locations and begin building new medical office space.
If you are in need of medical office space or retail space located in a corporate office development, contact McKenzie Properties. We can help you locate the space that will meet all of your corporate space needs. Whether it is a space in our latest project, or space in another location, we can help. McKenzie Properties is a well-established Reno firm specializing in the construction of retail space centers. With over 60 years of experience, we are the best choice for you when it comes to finding your next commercial, retail, or office space.
McKenzie Properties is pleased to announce the completion of the South Creek Shopping Center. McKenzie Properties chose to invest in South Creek Shopping Center because we understood that it would be a perfect fit for the area and the demographic that it is catered to. It has been an excellent opportunity for us, and the property will be the ideal location for the businesses that have chosen to relocate to the area.
South Creek Shopping Center is a very popular destination among residents of Reno. We are sure that the shops located in the shopping center will attract visitors and provide a pleasant shopping atmosphere. If you are a business owner interested in relocating to this specific area, new vacancies are always becoming available. To make sure that you are the first to find out about available retail space, continue to visit our website. You can also contact McKenzie Properties to inquire about any available commercial space.
Real estate development in Reno is always moving forward, McKenzie Properties was excited to be a part of the South Creek Shopping Center and continue to look for new projects that will be just as exciting. If you are interested in obtaining commercial located in or near South Creek Center, contact McKenzie Properties. We will be more than happy to discuss the available vacancies and what it would take for you to relocate your business to the area.
South Reno continues to experience rapid expansion, this means additional commercial spaces are going to be created and available. This is an opportunity that many business owners are taking advantage of, why shouldn’t you do the same. If you are searching for the perfect commercial space to relocate your business to, you should definitely consider everything that South Reno has to offer.
When it comes to finding the ideal retail space for your business, there are some things that you should take into consideration when evaluating the property. To ensure that you find the space that is right for you, we have listed some of the most important things for you to consider before you choose a retail space for lease to house your business.
Choosing the right retail space for lease to house your business can be a somewhat time consuming process. When you work with us, you will be able to benefit from our years of experience in commercial real estate. We will help you find the perfect commercial space to house your business; contact us today to discuss all of your needs.
