Reno Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Kidder Mathews, Cushman & Wakefield, Colliers
Quarterly office market indicators for Reno, aggregated by CREhunt from Kidder Mathews, Cushman & Wakefield, Colliers. As of Q2 2026, vacancy was 7.3%, per Kidder Mathews.
Projected current office pricing — Reno
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Reno office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 multiple brokerages asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent trend-adjusted to today). Assumes ~91% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Kidder Mathews | — | 7.3% | -26K SF | 219K SF | Kidder Mathews |
| Q1 2026 Cushman & Wakefield | $25.80/SF/yr | 9.5% | -31K SF | — | Cushman & Wakefield |
| Q4 2025 Cushman & Wakefield | — | 9.2% | 2K SF | — | Cushman & Wakefield |
| Q4 2024 Cushman & Wakefield | $22.44/SF/yr | 10.6% | 138K SF | — | Cushman & Wakefield |
| Q4 2023 Colliers | — | 5.2% | 39K SF | — | Colliers |
| Q4 2020 Cushman & Wakefield | $21.00/SF/yr | 12.8% | — | — | Cushman & Wakefield |
| Q2 2020 Cushman & Wakefield | $20.88/SF/yr | 10.6% | — | — | Cushman & Wakefield |
| Q1 2020 Cushman & Wakefield | $20.76/SF/yr | 9.4% | 58K SF | — | Cushman & Wakefield |
| Q3 2017 Cushman & Wakefield | $34.78/SF/yr | 5.2% | 35 SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for office space in Reno?
- CREhunt aggregates office asking-rent data for Reno from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the office vacancy rate in Reno?
- The office vacancy rate in Reno was 7.3% as of Q2 2026 (Kidder Mathews).
- Where does CREhunt's Reno market data come from?
- This report aggregates quarterly office market data for Reno from Kidder Mathews, Cushman & Wakefield, Colliers.