Northern Nevada By Jordan Lehman, Colliers Reno Reno’s office market experienced robust tenant demand, recovering sales activity, and a slight uptick in available sublease space. Net absorption nearly reached 102,000 square feet this quarter, which was the largest total in the last four and a half years. Office sales totaled $38.1 million in the first quarter after a very … [Read more...] about ReD Report
Jordan Lehman
Commercial RE ReportOffice Summary Second Quarter 2023
Northern Nevada By Jordan Lehman, Colliers | Reno Reno’s office market experienced a mix of market fundamentals performance this quarter as it saw a notable decline in available sublease space and a continued slowdown in investment activity. For the first time since mid-2021, the total amount of available sublease space fell during the quarter. No longer more than … [Read more...] about Commercial RE Report
Commercial RE ReportOffice Summary First Quarter 2023
Northern Nevada By Jordan Lehman, Colliers | Reno Northern Nevada’s commercial real estate market experienced a shift in Q1 2023 with softening tenant demand, an uptick in sublease availability and a decline in investment sales. The region has seen continued growth in available sublease office space as tenants have added more square footage to the sublet market. Available … [Read more...] about Commercial RE Report
Commercial RE ReportOffice Summary Fourth Quarter 2022
Northern Nevada By Jordan Lehman, Colliers | Reno Reno’s office market saw continued positive net absorption, decreased investment sales and an uptick in sublease availability in the fourth quarter of 2022. Fourth quarter net absorption of nearly 32,000 square feet pushed annual net absorption to almost 129,000 square feet. Though the region has tallied six consecutive … [Read more...] about Commercial RE Report
Commercial RE ReportOffice Summary: Second Quarter 2022
Northern Nevada By Jordan Lehman, Colliers | Reno Northern Nevada’s office market experienced healthy leasing activity, cooling sales volume, and an increase in sublease space in the second quarter of 2022. Continued tenant demand pushed net absorption to nearly 17,000 square feet, the fourth consecutive quarter of positive demand. While sales activity cooled off this … [Read more...] about Commercial RE Report