The Reno retail market in Q4 2025 reflects steady vacancy rates alongside rising rental prices and significant growth in construction activity. While no new deliveries occurred this quarter, absorption rebounded from prior declines, and sales pricing surged dramatically. Explore our full Reno retail market review for detailed insights and trends.
4Q 2025 Reno Retail Market: Key Data Points
- Vacancy Rate Holds Steady: Reno’s retail vacancy rate was 4.1% in Q4 2025, up 60 bps year-over-year.
- Average Asking Rent Climbs: Asking rents reached $1.51 per SF per month, a 7.08% increase year-over-year.
- Construction Pipeline Expands: 93,817 SF under construction, up 80.55% from last year.
- Sales Price Surges: Average sales price hit $550 per SF, a 208.57% year-over-year increase.
- Cap Rates Compress: Average cap rate decreased to 6.3%, down 50 bps from Q3 2025.
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