Reno Industrial Market Report

3rd Quarter 2020

Posted In — Market Research | Market Report

The Reno Sparks Industrial Market continues to show no signs of slowing down after the fourth consecutive quarter of over 1 Million Square Feet (SF) of positive net absorption. Strong market activity and a lack of product is creating a much-desired frenzy in all submarkets, helping account for 2,265,888 SF of gross absorption and 1,176,690 SF of positive net absorption. Direct vacancy dropped below 5% for the first time in 6 quarters, indicating that although we are still recovering from the COVID-19 global pandemic, the Reno Sparks Industrial Market has some of the strongest market fundamentals on the west coast.

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