Quarterly Market Reports
Original research and data-driven analysis of the Reno-Sparks retail real estate market, published quarterly by our team.
Reno-Sparks Retail Market Report — Q1 2026
Published June 2026
Vacancy dropped to 3.5% — the tightest since Q4 2024 — as strong absorption reversed 2025's closures. Asking rents held at $1.51/SF/mo (+4.9% YoY). 100,800 SF under construction with 535K+ SF in the development pipeline.
Vacancy
3.5%
Avg Rent
$1.51/SF
Construction
100.8K SF
Reno-Sparks Retail Market Report — Q4 2025
Published February 2026
Vacancy held at 4.1% as leasing gains offset large-format closures. Asking rents climbed 7.1% year-over-year to $1.51/SF/mo, and the construction pipeline expanded 80% with 93,800 SF underway.
Vacancy
4.1%
Avg Rent
$1.51/SF
Construction
93.8K SF
Reno-Sparks Retail Market Report — Q3 2025
Published November 2025
Capital markets surged: Washoe County retail volume topped $101M, the strongest quarter of the year, while vacancy improved 30 bps to 4.1% and cap rates compressed to ~6.8%.
Vacancy
4.1%
Avg Rent
$1.49/SF
Inv. Volume
$101M
Reno-Sparks Retail Market Report — Q2 2025
Published August 2025
Absorption rebounded to +42,100 SF and Barclay Group paid $25.6M for the Kiley Ranch Marketplace site — the first new power center planned in Sparks since 2005. South Reno vacancy fell to 1.8%.
Vacancy
4.4%
Avg Rent
$1.47/SF
Absorption
+42.1K
Reno-Sparks Retail Market Report — Q1 2025
Published May 2025
Big-box closures ended the historic-low vacancy streak: three Big Lots stores and a Joann pushed vacancy up 80 bps to 4.3%. Rents kept climbing to $1.44/SF/mo (+9.9% YoY) on small-shop scarcity.
Vacancy
4.3%
Avg Rent
$1.44/SF
Absorption
-118.4K
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