Reno Industrial Broker
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[{"id": "cyn8ukl", "text": "I feel like your $5mm would be better spent elsewhere. Pretty much anywhere else, actually. ", "replies": [{"id": "cynf9zq", "text": "Any specific reason(s) why you're bearish on the Reno industrial market?", "replies": [{"id": "cynhq3t", "text": "Isn't Tesla setting up shop?  Might be attractive to related industries once Tesla get going out in Reno.", "replies": [], "depth": 3}, {"id": "cyo5769", "text": "Mostly its history of looking like a promising place to invest near the top of a real estate cycle because it trades at a discount relative to its big bro Las Vegas and a huge discount to California real estate, crashing fantastically at any sign of economic danger, taking longer than other markets to recover, and never realizing any rent growth due to the abundance of land. \n\nTesla is setting up shop mostly because Reno sold its soul (or whatever they had left of it) to subsidize the development. It wasn't a strategic location - it was a bidding war between a couple local governments that wanted to attract a high profile business to spur investment based on the spurious logic espoused by /u/wayan_nz below. \n\nReno lacks pretty much all the fundamentals of a good investment market for industrial, and thats why you don't see any of the big boys in the institutional world even considering serious investment there. ", "replies": [{"id": "cz3oq4g", "text": "I know I'm late to the party, but that's a helluva answer.  Well done. ", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]