50 S Virginia St - Old Reno Post Office — Lease in Reno, NV

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Reno, NV 89501

Description

Office | For Sublease: 1,000 - 5,837 SF Colliers is pleased to present space in the Old Post Office for sublease consisting of 5,837 SF. Downtown office for sublease that can easily be demised and master landlord is willing to do longer ter Key Facts Melissa Molyneaux Executive Vice President Reno License #: NV-BS.0144599.LLC +1 775 823 4674 Call Now +1 775 823 4674 +1 775-762-7990 Call Mobile +1 775-762-7990 License #: NV-BS.0144599.LLC Jason Hallahan Associate Reno License #: S.0200644 +1 775 333 6969 Call Now +1 775 333 6969

Market Context

This office in Reno, NV is listed for lease. It has been on the market for 176 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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