SKYPOINTE — Lease in Reno, NV

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Reno, NV 89502

Description

PreLeasing Now - 171,500 SF of Class A Office SKYPOINTE, another Class A development by McKenzie Properties. Located on the corner of S. McCarran Blvd and S. Virginia Street, with direct visibility from the I-580, SKYPOINTE is perhaps the most visible office & retail location in northern Nevada. The development will provide unprecedented restaurant and retail amenities to office users in the Reno market, with a trendy mix of restaurants, coffee shops and quality retail establishments complimenting the 171,500 square foot 6-story office building. Designed by award winning architect Gensler. SKYPOINTE offers a well-balanced mix of 171,500 sf of Office Space and 36,772 sf of Energized Retail & Vibrant Restaurants. Will be a hub where innovation and exuberance meet. SKYPOINTE will consist Class A mixed use office/retail development in the heart of Reno.

Market Context

This office in Reno, NV is listed for lease. It has been on the market for 196 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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