Commercial Real Estate Market in Sparks, NV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
228 active listings and 2,397 off-market properties in Sparks, NV. Commercial property asks $63/SF to buy and $18.44/SF/Yr to lease.
Market Trends
Sparks, NV spans 253.6 square miles in Washoe County, Nevada. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Sparks, NV runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Sparks, NV runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Sparks, 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 space in Sparks, 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 19.9%
- Residential 15.3%
- Industrial 11.9%
- Mixed use 4.9%
- Commercial 2%
- Agricultural 1.5%
- Civic 0.4%
Largest Zones share of zoned land by district
New Urban District
Planned Development
Industrial
Residential Single Family
Public Facilities
Planned Development (PD)
PD provides for maximum environmental choice for the citizens of the City of Sparks by encouraging flexibility and creativity of design and a greater diversity of building types, open space arrangements and other aspects of land planning while, at the same time, preserving public welfare, health, and the general intent of the Master Plan.
Market overview
Demographics & Economy
Sparks, NV has 129,653 residents in 52,671 households. Density runs 511 people per square mile. Median household income here is $93,020 and median gross rent $1,757 a month.
129,653
Population
52,671
Households
2.5
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
253.6 sq mi
ZIP Area
511
Density / Sq Mi
$93,020
Median Household Income
$49,076
Median Earnings
$1,757
Median Rent
$464,955
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Sparks?
Commercial property in Sparks, NV asks an average of $63 per square foot. The 8 most recent recorded sales traded at a median of $717/SF. Multifamily carries the highest asking price at $262/SF.
How much does it cost to lease commercial space in Sparks?
Asking lease rates in Sparks, NV average $18.44 per square foot per year.
Where does Realmo's Sparks market data come from?
Realmo compiles Sparks, NV figures from 8 recent recorded sales, 139 active sale listings, 89 active lease listings, 2,397 tracked off-market properties, the current Sparks zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 139 active for-sale and 89 active for-lease listings in Sparks, 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: 20,058 zoned acres across 35 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 · report a data issue
