Evan Meyer, senior office specialist with the Reno office of Kidder Mathews, says the regional office market remains desirable, with numerous tenants actively looking to lease space. Average rents in the fourth quarter of last year were $1.79, but they ticked up to $1.85 in the first quarter — which is higher than pre-COVID levels, Meyer said.
All signs lead to a full economic recovery for the regional office market as it shakes off the aftereffects of pandemic-related shutdowns.
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