This one sheet market snapshot features information on retailer growth, population growth, vacancy rates, asking rents and other vital information on the local economy of Reno, Nevada.
Lease rates have been coming down, but so have sales prices. So how does this affect the decision to buy or lease a new place for my business? When lease rates and sales prices are out of synchronization with each other, the cost disparity can make the decision for you. For instance, [...]
Can the market get any better than this? Can it get any worse than this? Of course the economy will get better bye and bye and the market will change. For those looking to lease or buy commercial space in which to operate their business, we feel now is the time to [...]
In the last 18 months vacancies have continued to decline in hospitality and multifamily properties alike. Migrant workers in the construction industry as well as many other families who suffered job losses and had no prospects for employment have simply left Reno and the State of Nevada in general. Multi-tenant [...]
OVERVIEW:
The Northern Nevada retail market is showing continued softness, as is much of the nation. The current vacancy level in Reno/Sparks reached an all time high in the fourth quarter at 16.85% which is up from 15.96% the previous quarter. The anchor space vacancy increased to 13.82%, and is at the highest level since we [...]
