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Renting Warehouse Space in North Valleys
Serving as the logistics and e-commerce backbone of Northern Nevada, the North Valleys submarket houses some of the largest warehouse facilities in the West. This area is currently experiencing the most significant vacancy "reset" in the region, with the industrial vacancy rate climbing to approximately 14.6% in early 2026 following the exit of major tenants like Amazon from several large-scale distribution centers. Despite this temporary supply imbalance, the submarket remains a strategic gateway for West Coast distribution due to its direct access to US-395. Industry experts anticipate a stabilization period through the remainder of 2026, as developers shift away from speculative projects toward "build-to-suit" requirements for 3PL (third-party logistics) and high-tech manufacturing firms. (Source: Cushman & Wakefield / Reno Industrial MarketBeat Q4 2025)
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Suite Rates in North Valleys
Suite Sizes in North Valleys
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| Airport Area, Reno | 6,700 | $1.12 / SF | < 30 |
| Carson City | 31,000 | $0.92 / SF | < 30 |
| Convention Center, Reno | 17,000 | $1.25 / SF | < 30 |
| Downtown Reno | 8,200 | $1.37 / SF | < 30 |
| Meadowood | 1,500 | $1.33 / SF | < 30 |
| Midtown District | 6,900 | $1.16 / SF | 99 |
| Mira Loma | 15,000 | $1.18 / SF | < 30 |
| North Valleys | 3,500 | $1.17 / SF | 77 |
| Riverwalk District, Reno | - | - | < 30 |
| Spanish Springs | 18,000 | - | < 30 |
| Sparks | 3,800 | $1.09 / SF | < 30 |
| Tahoe Reno Industrial Center | 2,700 | $1.15 / SF | 65 |
| West University, Reno | - | - | < 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.