July 10, 2006

1 Min Read
Reno-Sparks, Nev.

The area along the eastern slopes of the Sierra Nevada Mountains in western Nevada is growing, according to metropolitan area statistics. Beyond being a gaming destination with world-class vacation and recreational amenities, the region is home to a thriving business community. Reno-Sparks offers a pro-business climate with tax benefits (no corporate, personal income, unitary, inventory or franchise taxes), reasonable property and sales taxes, and business-friendly regulations. Reno-Sparks strategic location and accessibility to the Western markets, availability of commercial, industrial and office space, role as a transportation hub, and business benefits attract commerce to the region.

Market Demographics

 

2004

2009

Growth Rate

Total Population

384,239

433,545

12.8%

Total Households

148,610

166,332

11.9%

Average Household Income

$66,478

$73,855

11.1%

Market Statistics

 

Surveyed

Identified/Projected

Total Facilities

31

76

Total Units

26,503

40,285

Net Rentable Area (SF)

2,912,447

5,030,590

Average Unit Size (SF)

125

Average Facility Size (Units)

726

 

Average Facility Size (SF)

108,831

 

Households Per Unit
(With 30% Commercial Tenants)

4.13

 

Net Rentable Feet Per Capita

11.6

 

Operating Statistics

Pasadena, Calif.-based Self Storage Data Systems Inc. publishes the ISS Flash Report, the Self- Storage Performance Index and other statistical data on self-storage operation. It also reports on supply-and-demand factors affecting the industry. For more information, call 626.304.2920; visit www.ssdata.net.

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