Command errored out with exit status 1 while installing the editable env for qiskit terra

I was installing the editable version of qiskit-terra from source in my conda environment using the following command

pip install -e .

and I got the following error:

ERROR: Command errored out with exit status 1:
 command: 'C:UsersTanya GargAnaconda3envsfixissueenvpython.exe' -c 'import sys, setuptools, tokenize; sys.argv[0] = '"'"'C:UsersTanya Gargqiskit-terrasetup.py'"'"'; __file__='"'"'C:UsersTanya Gargqiskit-terrasetup.py'"'"';f=getattr(tokenize, '"'"'open'"'"', open)(__file__);code=f.read().replace('"'"'rn'"'"', '"'"'n'"'"');f.close();exec(compile(code, __file__, '"'"'exec'"'"'))' develop --no-deps
     cwd: C:UsersTanya Gargqiskit-terra
Complete output (13 lines):
running develop
running egg_info
writing qiskit_terra.egg-infoPKG-INFO
writing dependency_links to qiskit_terra.egg-infodependency_links.txt
writing requirements to qiskit_terra.egg-inforequires.txt
writing top-level names to qiskit_terra.egg-infotop_level.txt
reading manifest file 'qiskit_terra.egg-infoSOURCES.txt'
reading manifest template 'MANIFEST.in'
warning: no files found matching 'testpythonpickles*.pickle'
writing manifest file 'qiskit_terra.egg-infoSOURCES.txt'
running build_ext
building 'qiskit.transpiler.passes.routing.cython.stochastic_swap.utils' extension
error: Microsoft Visual C++ 14.0 or greater is required. Get it with "Microsoft C++ Build Tools": https://visualstudio.microsoft.com/visual-cpp-build-tools/

What does this error mean and how can I address it?

conda activate name-of-env
pip install cython
pip install -r requirements-dev.txt
pip install -e .