Reno Q1 Office Market Report & Forecast
2013 was the Northern Nevada Office Market’s best year since the recession began. We were busy leasing buildings and selling buildings, but the underlying employment reports did not support our level of activity. At the end of 2013 the Department of Training and Rehabilitation indicated we lost 300 jobs in professional and business services. This is the segment that leases and buys office buildings. Just last month, the numbers were revised and we actually gained 2,200 jobs in professional and business services sector. Now we know why we were so busy in the office market. This segment actually showed the greatest gain in number of jobs created of all categories in Northern Nevada.