Northern Nevada
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 office markets.
Asking rents remained strong at $1.83/SF (FSG), reflecting continued confidence from property owners despite a slight uptick in availability. Leasing activity, while a bit lighter than last year, still demonstrated solid tenant engagement at roughly 75% of 2024’s total…