Commercial Real Estate Market in Fernley, NV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
29 active listings and 606 off-market properties in Fernley, NV. Commercial property asks $194/SF to buy and $18.53/SF/Yr to lease (based on 4 listings).
Market Trends
Fernley, NV spans 464.1 square miles in Lyon County, Nevada. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Fernley, NV runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Across Lyon County, retail space asks $190/SF to buy. Retail vacancy in Fernley, NV runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Fernley, 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%.
Multifamily
Multifamily vacancy in Fernley, NV runs 8.6% across the West region in 2025, up from 7% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 87.8%
- Industrial 3.5%
- Planned_development 3.1%
- Mixed use 2.9%
- Commercial 1.5%
- Civic 0.1%
- Open space 0%
Largest Zones share of zoned land by district
Fernley, NV zones 108,242 acres across 24 districts. Commercial zoning covers 1.5% of zoned land, residential 87.8%, open space 0% and industrial 3.5%. The largest single district is General Rural 20 Acres Minimum at 57.1%. For commercial buyers the practical constraint is that only 5% of land carries a commercial or industrial designation.
GR20, general rural - 20 acres. (1) Purpose. This district is intended to preserve areas where large lot residential uses, open space, agricultural and grazing uses predominate. Single-family dwellings and associated accessory uses located on lots 20 acres in size or larger, with limited public services and facilities, is the desired land use pattern in the…
Market overview
Demographics & Economy
Fernley, NV has 23,201 residents in 9,039 households. Density runs 50 people per square mile. Median household income here is $87,723 and median gross rent $1,504 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Fernley?
How much does it cost to lease commercial space in Fernley?
What zoning applies to commercial property in Fernley?
Where does Realmo's Fernley market data come from?
Methodology & data sources
- Asking prices and medians
- There are 17 active for-sale and 12 active for-lease listings in Fernley, NV. The medians are based on 11 of the for-sale and 4 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 108,242 zoned acres across 24 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 31 October 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 31 October 2026 · How Realmo checks market page data · Report a data issue
