Takeaways A Podcast About Learning From The Wisdom Of Others

I am back with my co-host MARIANNA HUNNICUTT, Civil Engineer and Practice Builder with KIMLEY HORN. In this episode, we recap our Takeaways from the NAIOP Southern Nevada April Program. The title was Industrial. Its What's Driving Everything. The sponsor that morning was NV Energy. This program was a deeper dive into the industrial development activity in Southern Nevada. In order to understand the context in 2021, moderator Dan Doherty, SIOR, executive vice president of Colliers International, started the morning with a story. The year was 2014. Fritz Wyler with Prologis said "lease rates need to get to $.36 per square foot in order for us to justify speculative development." When lease rates did get there, spec development kicked off and hasn't subsided since. This development cycle has seen bigger building... being built faster... with different capital sources, executions and developers than we've ever seen before in Southern Nevada. To illuminated the latter part, the programs committee compiled a pan