Downtown Reno Sublease

Downtown Reno

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,070
As of: May 21, 2017

Downtown Reno Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Reno submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decrease in rent.

Downtown Reno Listing Supply

In the last 90 days, 38 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces 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 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 spaces below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1973 and are Class A.

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 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.

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