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Renting Retail Space in Downtown Reno
The downtown submarket is currently navigating an uneven comeback, pivoting from traditional casino-centric tourism to a "work-live" urban center. Current development is heavily focused on the "Brewery District" and the Truckee River corridor, where public-private partnerships are funding infrastructure improvements like the Locomotion Plaza and the Truckee River Vision Plan. While the office sector in the CBD has faced challenges with older inventory, the conversion of former hotel-casinos into workforce housing and boutique creative spaces is slowly reducing the vacancy of underutilized square footage. Investment activity is currently bolstered by Tax Increment Financing (TIF) deals aimed at adding thousands of residential units to the city center, creating a built-in consumer base for future retail and service businesses. (Source: Downtown Reno Partnership / Downtown Makeover Report)
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Suite Rates in Downtown Reno
Suite Sizes in Downtown Reno
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| Airport Area, Reno | 1,900 | $1.02 / SF | 35 |
| Carson City | 1,700 | $1.20 / SF | 44 |
| Convention Center, Reno | 1,800 | $1.23 / SF | 39 |
| Downtown Reno | 5,600 | $2.24 / SF | < 30 |
| Meadowood | 2,400 | $1.38 / SF | < 30 |
| Midtown District | 1,700 | $1.38 / SF | 91 |
| Mira Loma | 1,300 | $16.50 / SF | < 30 |
| North Valleys | 1,900 | $1.23 / SF | 85 |
| Riverwalk District, Reno | 3,700 | $2.69 / SF | < 30 |
| Spanish Springs | 2,800 | $1.49 / SF | < 30 |
| Sparks | 1,300 | $1.36 / SF | < 30 |
| Tahoe Reno Industrial Center | 1,800 | $1.31 / SF | 77 |
| West University, Reno | 1,200 | $2.12 / SF | < 30 |
*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.