Driven by California’s outrageous Prop 30, which
retroactively raised state income taxes on many individuals in the
Golden State, growth in the first quarter of 2013 was more than
noticeable. New companies like Rogue Gaming continue to enhance our
Downtown economy. Call center and data center activity has remained
strong throughout the market. Henry Schein stayed in the market signing a
new lease for 75,000 square feet, adding to the proof that Reno is a
great small market call center location.
Also
new, is San Francisco based Bookkeeper Zoo. The mobile bookkeeping
startup opened their national service and data center in South Meadows.
This continued level of activity will certainly create more momentum for
the Reno Tahoe area as regional companies realize they can take
advantage of our competitive taxes, real estate prices, and labor pool.
To read the entire NAI Alliance Q1 2013 Office Market Report, click here.
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