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% decline in rent.
In the last 90 days, 40 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,740 sqft. Most properties in this market are close to 3 floors. Most buildings in this area were built in 1973 and are Class B.
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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.