The first quarter of 2016 in Nevada County and the Sierra Foothills has indeed been happy. Many properties that have been on the market for an unduly long time are finally being placed into escrow, leased or sold. The elimination of these last remaining “legacy” properties leftover from the Great Recession should begin to cause …
In commercial real estate vernacular, Nevada County is classified as a “tertiary” (or small) market. While our local economy has certain unique attributes and economic drivers, it remains dependent on and influenced by what is happening regionally and nationally. For this reason, this article will review current national (macroeconomic) trends in each of the four …
With the New Year upon us, here’s a look back at how the Western Nevada County commercial real estate market fared in 2013. The following results are derived from our database which tracks almost 7 million square feet of commercial property in the Grass Valley/Nevada City region. The following figures are rounded and approximate. Vacancy …