Northern Nevada By Reed Backstrom, Colliers | Reno At the close of Q1 2026, Northern Nevada’s office market posted modest improvement across several key indicators, with vacancy declining 20 basis points quarter-over-quarter to 8.8%. Leasing activity totaled nearly 150,500 SF during the quarter, an increase of almost 50% compared to Q4, signaling a pickup in tenant movement … [Read more...] about ReD Report
Reed Backstrom
ReD ReportOffice Summary: Fourth Quarter 2025
Northern Nevada By Reed Backstrom, Colliers | Reno Reno’s office market closed Q4 2025 showing impressive steadiness, with vacancy holding at 9.0% and staying essentially level with where it stood a year earlier. Even though net absorption dipped slightly this quarter, the market still posted positive gains for the year, reinforcing its resilience compared to many other … [Read more...] about ReD Report
ReD ReportOffice Summary: Third Quarter 2025
Northern Nevada By Reed Backstrom, Colliers Reno Northern Nevada’s office market tightened further in the third quarter, reaching a vacancy rate of 8.7 percent, the lowest level seen in 20 years. This milestone reflects steady absorption and limited new supply, even as economic uncertainty continues to shape tenant decisions. Leasing activity totaled 172,458 square feet, … [Read more...] about ReD Report
ReD ReportOffice Summary: Second Quarter 2025
Northern Nevada By Reed Backstrom, Colliers Reno Despite a slight decline into negative absorption in the first quarter, Reno's office market demonstrated a modest recovery in the second quarter, indicating signs of stabilization and a return to positive demand. Submarkets with a larger inventory of Class A properties continued to experience growth in rents and an increase … [Read more...] about ReD Report
ReD ReportOffice Summary: First Quarter 2025
Northern Nevada By Reed Backstrom, Colliers Reno Northern Nevada’s office market entered 2025 with signs of resilience, amid ongoing headwinds. A promising highlight is the continued strength of Class A office demand, which remains despite broader economic uncertainty. The Meadowood submarket led the region with a 0.4 percent rent increase to $2.13/SF, the highest in … [Read more...] about ReD Report