On average, listings lease in the $20's per square foot per year. The Downtown Reno submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 15% decrease in rent.
In the last 90 days, 252 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available space in the Downtown Reno are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,760 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this area were built in 1973 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Reno occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Reno.
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