Matter Real Estate Group has broken ground on a light industrial facility in Southern Nevada, a market that has seen strong industrial activity and is suffering from supply shortages. The market has benefitted from the nationwide industrial boom as well as supply shortages and premium rents in Southern California. As a result, Southern Nevada's industrial market has grown substantially. Matter is bringing a 132,450-square-foot light industrial facility to the market.

“Demand is driven primarily by organic growth with the locally expanding market, as well as businesses that are fleeing the California market in search of better economics. Additionally, the southwest submarket, which has historically been the largest submarket in Southern Nevada, enjoys robust demand from industries that support the tourist corridor,” Jim Stuart, a partner at Matter Real Estate, tells GlobeSt.com. “The proximity to the Las Vegas Strip remains a large driver of business expansion in the immediate area.”

Located at 7952 West Warm Springs Road in Las Vegas, the property will have two condominium buildings with two grade-level dock doors and second-story mezzanine space. “We are aiming to deliver not only a high functioning project, but also a more modern aesthetic to create a pride of ownership for our buyers,” says Stuart. “We are spending additional dollars on enhanced landscaping and common areas that are not customary if this was a simple 'for lease' project.”