Multifamily Demand in Reno Surges as Cap Rates Compress

Supply might be a small concern — but demand certainly isn’t any longer in Reno, Nevada’s multifamily sector.

Net absorption hit 474 units in the first quarter, representing a surge of 102.56 percent year-over-year, although down from the 695 units in the previous three months, according to a market report from Kidder Mathews.

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