The industrial and logistics asset class has outperformed many others during the past year. For some investors in the sector, that has meant taking a new and closer look at secondary markets.
Reno, Nev. — with its close proximity to the population centers of Northern California — has continued to emerge as an attractive logistics market.
“Reno is an excellent location for any logistics-focused company looking to serve or seeking access to West Coast markets and beyond, because of its proximity to Interstate 80, the major east/west highway corridor from California to New Jersey, and its connections to other major freeway systems throughout the West and Midwest,” said John Ramous, partner in Nevada at Dermody Properties, a national logistics real estate firm, founded and headquartered in Reno.
Ramous also noted Nevada is one of four states that have neither a corporate nor a personal income tax. That makes it attractive to both businesses and employees.
