Commercial Real Estate Market in Fallon, NV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
90 active listings and 1,285 off-market properties in Fallon, NV. Commercial property asks $38/SF to buy and $37.49/SF/Yr to lease.
Market Trends
Fallon, NV spans 2,151.8 square miles in Churchill County, Nevada. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Fallon, NV runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Fallon, NV runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Fallon, NV runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Fallon, NV runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 40.6%
- Commercial 24.3%
- Residential 21%
- Industrial 10.2%
Largest Zones share of zoned land by district
Single Family Residence
General Commercial
Transition Use Residence
Multiple Family Residence
Light Industrial
Single Family Residence (R-1(5000))
The purpose of this district is to provide single-family residence of a permanent nature, public parks and recreational areas, public schools and some accessory uses
Market overview
Demographics & Economy
Fallon, NV has 25,361 residents in 10,872 households. Density runs 12 people per square mile. Median household income here is $73,268 and median gross rent $1,203 a month.
25,361
Population
10,872
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
92%
High-School Grad
2151.8 sq mi
ZIP Area
12
Density / Sq Mi
$73,268
Median Household Income
$40,992
Median Earnings
$1,203
Median Rent
$298,000
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Fallon?
Commercial property in Fallon, NV asks an average of $38 per square foot.
How much does it cost to lease commercial space in Fallon?
Asking lease rates in Fallon, NV average $37.49 per square foot per year.
Where does Realmo's Fallon market data come from?
Realmo compiles Fallon, NV figures from 4 recent recorded sales, 86 active sale listings, 4 active lease listings, 1,285 tracked off-market properties, the current Fallon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 86 active for-sale and 4 active for-lease listings in Fallon, NV. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,387 zoned acres across 12 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
