The typical asking rate per listing is in the $20's per square foot per year. The Downtown Reno submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decline in rent.
In the last 90 days, 38 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the listings in the Downtown Reno are subleases, so you will probably have to focus your search on direct office leases. 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 3,070 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this market were built in 1973 and are Class A.
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 area. Commute by public transit is the most popular way to get to work amongst Downtown Reno folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.