Northern Nevada By Stephen Delgado, CBRE | Reno The market shifted from tight to oversupplied over the past three years. In 2023, net absorption was positive each quarter and vacancy remained low, but by Q1 2024 absorption flipped from 842,000 sq. ft. in Q4 2023 to negative 751,000 sq. ft., lifting vacancy 340 basis points (bps) quarter-over-quarter to 7.6%. The correction … [Read more...] about ReD Report
Stephen Delgado
Industrial SummaryFourth Quarter 2025
Northern Nevada By Stephen Delgado, CBRE | RENO The Reno industrial market was comprised of approximately 120 million sq. ft. at the close of Q4 2025. There were four new industrial buildings delivered to the market in Q4 2025, totaling 1.7 million sq. ft. The construction pipeline has halted with nothing underway while 15.8 million sq. ft. sits in various planning stages. … [Read more...] about Industrial Summary
ReD ReportIndustry Summary: Third Quarter 2025
Northern Nevada By Stephen Delgado, CBRE | Reno The Reno industrial market was comprised of approximately 118 million sq. ft. at the close of Q3 2025. There were three new industrial buildings delivered to the market in Q3 2025, totaling 976,480 sq. ft. The construction pipeline has 1.6 million sq. ft. underway with another 15.8 million sq. ft. in various planning stages. … [Read more...] about ReD Report