Commercial Real Estate Market in Reno, NV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
775 active listings and 7,289 off-market properties in Reno, NV. Commercial property asks $17/SF to buy and $10.34/SF/Yr to lease. Industrial vacancy runs 14.6%, the loosest of the segments tracked here.
Market Trends
Reno, NV spans 1,131.5 square miles in Washoe County, Nevada. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Reno, NV runs 9.2% in 2025, down from 9.9% in 2019. Down from a 2020 peak of 12.5%.
Vacancy Rate %
Retail
Retail vacancy in Reno, NV runs 4.7% in 2025, down from 6.9% in 2019.
Vacancy Rate %
Industrial
Industrial vacancy in Reno, NV runs 14.6% in 2025, up from 4.8% in 2019. Nearly 8.1x the 2022 low of 1.8%.
Vacancy Rate %
Multifamily
Multifamily space in Reno, NV asks $262/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Planned_development 22.8%
- Industrial 22.4%
- Mixed use 18.2%
- Civic 17.3%
- Open space 13.8%
- Commercial 3.2%
- Residential 2.2%
Largest Zones share of zoned land by district
Planned Unit Development
Parks Greenways And Open Space
Mixed Use Airport
Single Family Residential 8 Units Per Acre
Single Family Residential 3 Units Per Acre
Planned Unit Development (PUD)
The Planned Unit Development (PUD) District is intended To implement the Reno Master Plan, To allow various combinations of land uses, To ensure compatibility between residential and mixed-use or nonresidential areas and to minimize potential impacts to residential areas from adjacent more intensive uses, To facilitate development by permitting greater flexi…
Market overview
Demographics & Economy
Reno, NV has 318,842 residents in 142,696 households. Density runs 282 people per square mile. Median household income here is $87,312 and median gross rent $1,601 a month.
318,842
Population
142,696
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
90%
High-School Grad
1131.5 sq mi
ZIP Area
282
Density / Sq Mi
$87,312
Median Household Income
$46,513
Median Earnings
$1,601
Median Rent
$531,207
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Reno?
Commercial property in Reno, NV asks an average of $17 per square foot. The 4 most recent recorded sales traded at a median of $289/SF. Multifamily carries the highest asking price at $262/SF.
How much does it cost to lease commercial space in Reno?
Asking lease rates in Reno, NV average $10.34 per square foot per year.
What is the office vacancy rate in Reno?
Office vacancy in Reno, NV is 9.2% as of 2025, down from 9.9% in 2019. Retail vacancy is 4.7%, below Office vacancy.
Which property type has the lowest vacancy in Reno?
Retail has the lowest vacancy in Reno, NV at 4.7%, inside a 4.5–6.9% band since 2019. For comparison: office 9.2%, industrial 14.6% and multifamily 8.6% (West).
Where does Realmo's Reno market data come from?
Realmo compiles Reno, NV figures from 4 recent recorded sales, 546 active sale listings, 229 active lease listings, 7,289 tracked off-market properties, the current Reno zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 546 active for-sale and 229 active for-lease listings in Reno, 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: 64,080 zoned acres across 39 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
- multifamily 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 · report a data issue
