Airport Center — Lease in Reno, NV

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

Description

Office for Lease - 380 SF up to 1,849 SF Airport Center located at 1201 & 1281 Terminal Way consists of two 29,172 SF multi-tenant 2 story office buildings centrally located in the Airport submarket. Fast and easy access to major thoroughfares, near I-580 and the Reno-Tahoe International Airport. Immediate access to public transportation. Airport Center can accommodate a variety of office users and sizes. Private parking lot with plenty of parking.

Market Context

This office in Reno, NV is listed for lease. 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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