Reno Retail Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Kidder Mathews
Quarterly retail market indicators for Reno, aggregated by CREhunt from Kidder Mathews. As of Q2 2026, average asking rent was $18.84/SF/yr and vacancy was 3.9%, per Kidder Mathews.
Projected current retail pricing — Reno
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Reno retail yet, so this applies the typical cap rate across comparable retail 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 Q2 2026 Kidder Mathews asking-rent data (benchmark cap rate 6.1%–7.2%, asking rent held flat). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Kidder Mathews | $18.84/SF/yr | 3.9% | -125K SF | 56K SF | Kidder Mathews |
Frequently asked questions
- What is the average asking rent for retail space in Reno?
- As of Q2 2026, the average asking rent for retail space in Reno was $18.84/SF/yr, per Kidder Mathews.
- What is the retail vacancy rate in Reno?
- The retail vacancy rate in Reno was 3.9% as of Q2 2026 (Kidder Mathews).
- Where does CREhunt's Reno market data come from?
- This report aggregates quarterly retail market data for Reno from Kidder Mathews.