Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Reno Industrial Five Fast Facts Q2 2023

Jeff Platts • 8/1/2023
What to know in Reno's Industrial commercial real estate (CRE) market.
  1. Vacancy Rate Rises YOY 
    Overall vacancy rate increased 160 bps YOY to 3.0% in Q2 2023. 

  2. Storey County Submarket Dominates Occupancy Gains 
    Storey County recorded 558,000 sf of positive absorption in Q2 2023. 

  3. Average Asking Rate Soars YOY 
    The average asking rate for all product types combined increased 40% YOY. 

  4. Sale Activity Slows  
    The northern Nevada industrial market recorded $25.5 million in sales, down 86% YOY. 

  5. New Construction Remains Below Five-Year Average  
    As of Q2 2023, there were eight properties under construction, totaling 2.6 msf which is below the five-year average of 3.8 msf.  
Insights in your Inbox
Subscribe to the latest local market research, insights & analysis from Cushman & Wakefield across the U.S.
FFF_Reno_NV_IND_Mobile FFF_Reno_NV_IND_Desktop

Related Insights

Reno Skyline Aerial


Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Jeff Cooledge • 7/14/2023

U.S. Industrial MarketBeat Report

Access the latest quarter commercial real estate results for the industrial sector nationally. Marketbeat analyzes quarterly market activity including supply, demand and pricing trends.
Jason Price • 7/12/2023

Ready to talk?

Our professionals are ready to provide further details on this and many other topics.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All