Downtown Reno Retail

Downtown Reno

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
1,150
As of: March 12, 2017

Downtown Reno Rates

The typical asking rate per listing is in the $30's per square foot per year. The Downtown Reno region is going through a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 11% increase in rent.

Downtown Reno Listing Supply

In the last 90 days, 38 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Downtown Reno are subleases, so you will probably have to consider a longer term lease. 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 1,150 sqft. Most buildings in this area are close to 3 stories. Most buildings in this market 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 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.

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