Northern Nevada By Gary Tremaine, Senior VP of Retail, Dickson Commercial Group The retail market in Washoe County remained steady in Q1, with vacancy dropping from 3.8% to 3.4%, reflecting continued demand for retail space. The quarter included four leases exceeding 6,000 SF, marking an uptick in large-format leasing activity. With vacancy continuing to trend lower, the … [Read more...] about ReD Report
Gary Tremaine
ReD ReportRetail Summary Third Quarter 2025
Northern Nevada By Gary Tremaine, Dickson Commercial In Q3 2025, retail investment in Washoe County posted another strong quarter, with transaction volume reaching $101,439,945, reflecting a sharp increase from the previous quarter. Activity was driven by sustained demand from both investors and owner-users, underscoring continued confidence in the local retail market. … [Read more...] about ReD Report
ReD ReportRetail Summary: Second Quarter 2025
Northern Nevada By Gary Tremaine, Dickson Commercial As we moved through Q2 2025, retail investment in Washoe County saw a notable surge, with transaction volume reaching over $75 million and marking a strong increase from the previous quarter. Single-tenant sales in Washoe County remained strong through Q2 2025, accounting for 76.47% of total retail transaction volume for … [Read more...] about ReD Report
Retail SummaryFirst Quarter 2025
Northern Nevada By Gary Tremaine, Dickson Commercial Moving into 2025, the retail market in Washoe County continued to show strength, consistent with previous quarters. Transaction volume totaled $55,036,029—making it the second-highest quarterly volume recorded over the past year. Single-tenant sales in Washoe County remained strong in Q1 2025, making up 47.90 percent of … [Read more...] about Retail Summary
ReD ReportRetail Summary: Fourth Quarter 2024
Northern Nevada By Gary Tremaine, Dickson Commercial Group As the year came to a close, the retail market in Washoe County remained resilient. Transaction volume reached $94,388,853, marking a significant increase from Q3, while retail vacancies remained at historic lows, with the overall vacancy rate edging up to 3.7%. Despite limited supply, demand from owner-users and … [Read more...] about ReD Report
ReD ReportRetail Summary: Third Quarter 2024
Northern Nevada By Gary Tremaine, Dickson Commercial The retail market in Washoe County has remained strong throughout 2024. Although transaction volume reached only $36.7 million, showing a slight decline from Q2, retail vacancies continue at historic lows, with the overall vacancy rate dropping to 3.4 percent. Demand remains high among owner-users and investors despite … [Read more...] about ReD Report
ReD ReportRetail Summary: Third Quarter 2023
Northern Nevada By Gary Tremaine, Dickson Commercial Group The retail market in northern Nevada has encountered ongoing obstacles in terms of development, such as elevated construction expenses and the imperative to address escalating inflation. Nevertheless, there are several new projects advancing. Both regional and national tenants have shown sustained interest in our … [Read more...] about ReD Report
Commercial RE ReportRetail Summary First Quarter 2023
Northern Nevada By Gary Tremaine, Dickson Commercial Group The first quarter of the year saw a significant increase in volume over Q4 2022, but most of the volume increase was due to the sale of the Summit Mall, acquired by Rhino Properties in South Meadows. There was a decrease in sales in Q1 2023 compared to Q4 2022, but a decent increase in sales volume and average … [Read more...] about Commercial RE Report
Commercial RE ReportRetail Summary Fourth Quarter 2022
Northern Nevada By Gary Tremaine, Dickson Commercial Group The fourth quarter sales volume for Q4 2022 saw a slight increase in comparison to the prior quarter, with an increase of nearly $8 million, but the year ended up with much lower transaction volume in 2022. There was a decrease in both volume and number of sales in 2022, but a slight increase in the average price … [Read more...] about Commercial RE Report
Commercial RE ReportThird Quarter 2022
Northern Nevada By Gary Tremaine, Dickson Commercial Group The third quarter saw a large decrease in overall commercial sales volume, with retail numbers decreasing in volume by nearly $70 million. There were 16 total sale transactions in Q3 2022, in comparison to last quarter’s 20, being the second highest in the last few years. In North Valleys, a strip mall shopping … [Read more...] about Commercial RE Report
Commercial RE ReportRetail Summary: Second Quarter 2022
Northern Nevada By Gary Tremaine & Amanda Brierton, Dickson Commercial Although the second quarter saw a considerable decrease overall in commercial sales, retail numbers increased in volume by almost $55 million. There were 20 total sale transactions in Q2 2022, totaling $97,968,389 in volume, the second highest quarter in the last few years. The Iron Horse shopping … [Read more...] about Commercial RE Report
Commercial RE ReportRetail Summary: First Quarter 2022
Northern Nevada By Gary Tremaine & Amanda Brierton, Dickson Commercial Although 2021 ended with a large increase in volume (almost $200 million) investment activity in the first quarter dropped back down to $45 million in sales transactions to start the year. Which is more consistent with previous quarters going back 24 months. Redevelopment projects were a theme … [Read more...] about Commercial RE Report
A Tale of Two CitiesRetail Commercial Real Estate in Nevada
“Retail commercial real estate (CRE) in Nevada is a tale of two cities, really,” said Chris Richardson, CCIM, director, Logic Commercial Real Estate. “On the one hand, I have never seen such demand for new drive-through restaurants in good areas. It seems like everyone is expanding and some quick serve restaurants that never incorporated drive-through before are starting to … [Read more...] about A Tale of Two Cities
DCG Completes Another Retail Lease at Double Diamond Town Center
DCG is pleased to announce the successful completion of another retail lease at 465 South Meadows Parkway in the Double Diamond Town Center. Senior Retail Broker Gary Tremaine represented the landlord, Double Diamond Town Center, in the lease of 1,200 square feet to tenant, Elite Taekwondo. Currently, there are 5 suites left available for lease, ranging from 1,200 square … [Read more...] about DCG Completes Another Retail Lease at Double Diamond Town Center
DCG Completes Multiple Retail Leases at New Golden Valley Development
Dickson Commercial Group (DCG) is pleased to announce the successful completion of two retail lease transactions at 440 Golden Valley. Senior Retail Broker Gary Tremaine represented the landlords, Dennis Banks & Art Hinckley, in the lease of two spaces at the 12,000-square foot, ground up retail center located 440 E. Golden Valley Road. Suite D with 1,200 square feet … [Read more...] about DCG Completes Multiple Retail Leases at New Golden Valley Development