Reno, Nevada, stands astride I-80, a major east-west highway that connects San Francisco and Sacramento to Salt Lake City. The Union Pacific Railroad provides a freight tie-in. Logistics companies use these rail and truck networks to reach 80 percent of the vast Western U.S. within a day’s travel time. Accordingly, Reno is an important regional hub for industrial real estate and warehouses.
The construction of Tesla’s $5-billion battery production facility at the Tahoe Reno Industrial Center is one of the decade’s single-largest U.S. manufacturing investments. As manufacturing activity ramps up, further investment in industrial and logistics space in the region will follow.