100 N Sierra Street — Lease in Reno, NV

  • Price: $9M
  • Listing type: For lease
  • Asset type: Office
  • Location: Reno, NV 89501

Description

Three Story Mixed Use Building in the Heart of Downtown Reno Three Story Mixed Use Building in the Heart of Downtown Reno. 100 N Sierra sits in the heart of Downtown Reno on the corner of 1st Street and N Sierra Street. Surrounded by a wide assortment of amenities including some of the trendiest restaurants, bars, coffee shops, boutiques and living spaces. Midtown, The River Walk and Greater Nevada Field are all within walking distance.

Market Context

This office in Reno, NV is listed for lease at $9,000,000. It has been on the market for 195 days. Compare it against other office listings for lease in Reno, NV — view the full market.

As of Q1 2026, the Reno office market showed a 9.5% vacancy rate, average asking rents near $25.80/SF/yr, rents down 2.1% year over year, and cap rates around 6.4%. Source: multiple brokerage reports, Q1 2026.

Softening rents give tenants room to negotiate on terms.

Office market FAQ

What is the typical cap rate for office in Reno?
About 6.4% as of Q1 2026, per multiple brokerage reports.
Is the Reno office market tightening or softening?
Vacancy is around 9.5%, with asking rents softening year over year (Q1 2026).

Estimated Market Rate

$5.52/SF/mo – $7.46/SF/mo

Mid: $6.49/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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