Northern Nevada By Reed Backstrom, Colliers | Reno At the close of Q1 2026, Northern Nevada’s office market posted modest improvement across several key indicators, with vacancy declining 20 basis points quarter-over-quarter to 8.8%. Leasing activity totaled nearly 150,500 SF during the quarter, an increase of almost 50% compared to Q4, signaling a pickup in tenant movement … [Read more...] about ReD Report
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ReD ReportIndustrial Summary First Quarter 2026
Northern Nevada By Stephen Delgado, CBRE | Reno The market shifted from tight to oversupplied over the past three years. In 2023, net absorption was positive each quarter and vacancy remained low, but by Q1 2024 absorption flipped from 842,000 sq. ft. in Q4 2023 to negative 751,000 sq. ft., lifting vacancy 340 basis points (bps) quarter-over-quarter to 7.6%. The correction … [Read more...] about ReD Report
ReD ReportRetail Summary: Fourth Quarter 2025
Northern Nevada By Gary Tremaine, Dickson Commercial Group (DCG) The retail market in Washoe County remained steady in Q4, with vacancy moving down slightly to 3.8%, reflecting sustained demand for retail space. The quarter did not include any leases exceeding 6,000 sq. ft., indicating limited large-format leasing activity. The largest direct lease was Anthropologie’s 5,995 … [Read more...] about ReD Report
ReD ReportOffice Summary: Fourth Quarter 2025
Northern Nevada By Reed Backstrom, Colliers | Reno Reno’s office market closed Q4 2025 showing impressive steadiness, with vacancy holding at 9.0% and staying essentially level with where it stood a year earlier. Even though net absorption dipped slightly this quarter, the market still posted positive gains for the year, reinforcing its resilience compared to many other … [Read more...] about ReD Report
Industrial SummaryFourth Quarter 2025
Northern Nevada By Stephen Delgado, CBRE | RENO The Reno industrial market was comprised of approximately 120 million sq. ft. at the close of Q4 2025. There were four new industrial buildings delivered to the market in Q4 2025, totaling 1.7 million sq. ft. The construction pipeline has halted with nothing underway while 15.8 million sq. ft. sits in various planning stages. … [Read more...] about Industrial Summary
ReD ReportRetail Summary Third Quarter 2025
Northern Nevada By Gary Tremaine, Dickson Commercial In Q3 2025, retail investment in Washoe County posted another strong quarter, with transaction volume reaching $101,439,945, reflecting a sharp increase from the previous quarter. Activity was driven by sustained demand from both investors and owner-users, underscoring continued confidence in the local retail market. … [Read more...] about ReD Report
ReD ReportOffice Summary: Third Quarter 2025
Northern Nevada By Reed Backstrom, Colliers Reno Northern Nevada’s office market tightened further in the third quarter, reaching a vacancy rate of 8.7 percent, the lowest level seen in 20 years. This milestone reflects steady absorption and limited new supply, even as economic uncertainty continues to shape tenant decisions. Leasing activity totaled 172,458 square feet, … [Read more...] about ReD Report
ReD ReportIndustry Summary: Third Quarter 2025
Northern Nevada By Stephen Delgado, CBRE | Reno The Reno industrial market was comprised of approximately 118 million sq. ft. at the close of Q3 2025. There were three new industrial buildings delivered to the market in Q3 2025, totaling 976,480 sq. ft. The construction pipeline has 1.6 million sq. ft. underway with another 15.8 million sq. ft. in various planning stages. … [Read more...] about ReD Report
ReD ReportRetail Summary: Second Quarter 2025
Northern Nevada By Gary Tremaine, Dickson Commercial As we moved through Q2 2025, retail investment in Washoe County saw a notable surge, with transaction volume reaching over $75 million and marking a strong increase from the previous quarter. Single-tenant sales in Washoe County remained strong through Q2 2025, accounting for 76.47% of total retail transaction volume for … [Read more...] about ReD Report
ReD ReportOffice Summary: Second Quarter 2025
Northern Nevada By Reed Backstrom, Colliers Reno Despite a slight decline into negative absorption in the first quarter, Reno's office market demonstrated a modest recovery in the second quarter, indicating signs of stabilization and a return to positive demand. Submarkets with a larger inventory of Class A properties continued to experience growth in rents and an increase … [Read more...] about ReD Report
ReD ReportIndustrial Summary: Second Quarter 2025
Northern Nevada By CBRE Research The Reno industrial market was comprised of approximately 116 million SF at the close of Q2 2025. There were three new industrial buildings delivered to the market in Q2 2025, totaling 557,785 SF The construction pipeline had 1.9 million SF underway with another 15.8 million SF in various planning stages. The overall average asking lease … [Read more...] about ReD Report
Retail SummaryFirst Quarter 2025
Northern Nevada By Gary Tremaine, Dickson Commercial Moving into 2025, the retail market in Washoe County continued to show strength, consistent with previous quarters. Transaction volume totaled $55,036,029—making it the second-highest quarterly volume recorded over the past year. Single-tenant sales in Washoe County remained strong in Q1 2025, making up 47.90 percent of … [Read more...] about Retail Summary
ReD ReportOffice Summary: First Quarter 2025
Northern Nevada By Reed Backstrom, Colliers Reno Northern Nevada’s office market entered 2025 with signs of resilience, amid ongoing headwinds. A promising highlight is the continued strength of Class A office demand, which remains despite broader economic uncertainty. The Meadowood submarket led the region with a 0.4 percent rent increase to $2.13/SF, the highest in … [Read more...] about ReD Report
ReD ReportIndustrial Summary: First Quarter 2025
Northern Nevada By Grant Bollinger, CBRE | Reno The Reno industrial market was comprised of approximately 116 million sq. ft. at the close of Q1 2025. There were three new industrial buildings delivered to the market in Q1 2025, totaling 600,000 sq. ft. The construction pipeline had 1.5 million sq. ft. underway with another 15.9 million sq. ft. in various planning stages. … [Read more...] about ReD Report
ReD ReportRetail Summary: Fourth Quarter 2024
Northern Nevada By Gary Tremaine, Dickson Commercial Group As the year came to a close, the retail market in Washoe County remained resilient. Transaction volume reached $94,388,853, marking a significant increase from Q3, while retail vacancies remained at historic lows, with the overall vacancy rate edging up to 3.7%. Despite limited supply, demand from owner-users and … [Read more...] about ReD Report