Investors look to secondary markets for industrial and logistics investments
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.