Reno MarketBeat Reports

Brian Armon • 1/16/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

 

Learn more about our local markets and property types by clicking our most recent Reno MarketBeat reports below.

 

The U.S. economy ended the year on an optimistic note. Businesses continued to add jobs at a healthy clip. Employment in the key office-using sectors increased by 150,000 jobs in the fourth quarter. Consumer confidence remains high. Wages are rising faster than inflation, yielding extra spending power, reflected in the 18.8% increase in online shopping over the holiday season.

Current Marketbeats

Office MarketBeat Report
Q4 2019 Reno Office Report

The Reno office added 77,400 square feet of new product in 2019. Currently there are no properties under construction. The average asking rent for all classes was $1.69 per square foot per month in the fourth quarter of 2019, a 1.8% year-over-year increase.

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Industrial MarketBeat Report
Q4 2019 Reno Industrial Report

Overall vacancy in the Reno industrial market decreased 130 bps since last quarter and 190 bps since last year to 4.8% in Q4 2019. Current vacancy rate is 230 bps below the five year quarterly average of 7.1%. 

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Featured Insights: Current U.S. MarketBeats

Q4 2019 U.S. Office MarketBeat Snapshot
MarketBeat • Office

Office Reports

Remarkably stable vacancy rate reflects solid demand in the fourth quarter of 2019.
Revathi Greenwood • 1/16/2020
Q4 2019 U.S. Industrial MarketBeat Snapshot
MarketBeat • Industrial

Industrial Reports

After a slow start to the year, the industrial market finishes the decade strong.
Carolyn Salzer • 1/16/2020
Q4 2019 U.S. Retail MarketBeat Snapshot
MarketBeat • Retail

Shopping Center Reports

2019 ended on a positive note with consumer spending rising at a healthy pace and retail sales up.
Garrick Brown • 1/17/2020

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