Reno Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE, Lee & Associates, Colliers
Quarterly industrial market indicators for Reno, aggregated by CREhunt from Cushman & Wakefield, CBRE, Lee & Associates, Colliers. As of Q2 2026, average asking rent was $10.08/SF/yr and vacancy was 13.0%, per Cushman & Wakefield.
Projected current industrial pricing — Reno
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 Cushman & Wakefield data (cap rate 6.3%, asking rent trend-adjusted to today). Assumes ~87% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $10.08/SF/yr | 13.0% | — | — | Cushman & Wakefield |
| Q1 2026 Cushman & Wakefield | $9.72/SF/yr | 13.4% | — | — | Cushman & Wakefield |
| Q1 2026 CBRE | $9.72/SF/yr | 10.6% | 426K SF | — | CBRE |
| Q4 2025 Cushman & Wakefield | $9.84/SF/yr | 14.6% | — | — | Cushman & Wakefield |
| Q3 2025 Cushman & Wakefield | $9.96/SF/yr | 12.3% | 813K SF | — | Cushman & Wakefield |
| Q1 2025 Cushman & Wakefield | $10.32/SF/yr | 11.4% | — | — | Cushman & Wakefield |
| Q3 2024 Lee & Associates | $9.09/SF/yr | 11.2% | — | — | Lee & Associates |
| Q3 2023 Colliers | $9.36/SF/yr | 1.0% | 3.8M SF | — | Colliers |
| Q4 2020 Cushman & Wakefield | $6.36/SF/yr | 4.7% | -227K SF | 17 SF | Cushman & Wakefield |
| Q3 2020 Cushman & Wakefield | $5.28/SF/yr | 5.4% | — | 659K SF | Cushman & Wakefield |
| Q2 2020 Cushman & Wakefield | $5.64/SF/yr | 5.6% | — | 75 SF | Cushman & Wakefield |
| Q1 2020 Cushman & Wakefield | $5.28/SF/yr | 4.7% | -153K SF | — | Cushman & Wakefield |
| Q4 2019 Colliers | — | 3.5% | 2K SF | — | Colliers |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Reno industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Airport | $0.95/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Central | $1.02/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Central/Airport | $0.94/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| Douglas County/Carson City | $0.79/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| East Valley | $0.74/SF/mo CBRE · Q1 2026 | CBRE, Q1 2026 |
| Fernley | $0.60/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Hwy 50 Corridor | $0.55/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| MFG | $0.77/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North Valleys | $0.85/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South Reno | $1.06/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Sparks | $0.96/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| StoreyCounty | $0.75/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| W/D | $0.83/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West Reno | $0.80/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q1 2026, the brokerages CREhunt aggregates for Reno industrial did not fully agree. On vacancy, the sources span 2.8 points — from 10.6% (CBRE) to 13.4% (Cushman & Wakefield). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 10.6% | $9.72/SF/yr | — |
| Cushman & Wakefield | 13.4% | $9.72/SF/yr | — |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Reno?
- As of Q2 2026, the average asking rent for industrial space in Reno was $10.08/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in Reno?
- The industrial vacancy rate in Reno was 13.0% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Reno market data come from?
- This report aggregates quarterly industrial market data for Reno from Cushman & Wakefield, CBRE, Lee & Associates, Colliers.
- How much do brokerage estimates differ for industrial space in Reno?
- For Q1 2026, the brokerage sources CREhunt aggregates for Reno did not fully agree. On vacancy, the sources span 2.8 points — from 10.6% (CBRE) to 13.4% (Cushman & Wakefield). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.