Downtown Reno Office Space

Downtown Reno

Office Space Market Report

Number of Listings (last 90 days)
41
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
1,740
As of: December 3, 2016

Downtown Reno Rates

On average, listings lease in the $20's per square foot per year. The Downtown Reno region is going through a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 17% decrease in rent.

Downtown Reno Listing Supply

In the last 90 days, 34 listings have been listed, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the listings in the Downtown Reno are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,360 sqft. Most properties in this market are approximately 3 floors. Most buildings in this area were built in 1973 and are Class B.

Downtown Reno Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. 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.

Market Report

Trends and status of the commercial real estate market in Downtown Reno.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Reno.
Research