Reno Industrial Market Report

4th Quarter 2020

Posted In — Market Research | Market Report

The Reno/Sparks industrial market finished 2020 with the same strength it had throughout the entire year, with overall vacancy holding strong at 5.38% and direct vacancy at 4.90%. 41 deals were completed during the fourth quarter with an average deal size of nearly 47,000 square feet (SF) and total gross absorption of 1,921,514 SF. Even with the delivery of nearly 1.3M SF of new construction, Reno saw a positive net absorption of 921,694 SF, bringing the total net absorption for 2020 to 4,336,768 SF.

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