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2019 Q2 Reno Office Market Research Report

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Reno Turns the Tide

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The second quarter of 2019 turned the tide on our last few quarters of negative net absorption. We registered 70,949 square feet of positive net absorption, which pushed vacancy down to 12.3 percent this quarter from 13.3 percent last quarter. Despite positive net absorption and a decrease in vacancy we continued to see rental rates decreasing. The average asking rental rate dropped from $1.74 per square foot (psf) to $1.71 psf on a full service basis.

 

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2019 Q2 Reno Office Market Research Report

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Melissa Molyneaux

Executive Vice President

Reno

Melissa is an Executive Vice President with Colliers International. Her area of specialization is office properties and her focus includes landlord and tenant representation in leasing and sales. Melissa served as the Executive Managing Director of the Reno office from 2015 to 2020.

Melissa is an active member of the community and has served on many boards, foundations and committees. She is the past president of Commercial Real Estate Women (CREW) and the College of Business Alumni Association (COBAA), as well as now being a lifetime Emeritus member.

Currently she is on the US Bank Advisory Board and a board member of EDAWN Board of Trustees. In addition, she is a member of the Northern Nevada CCIM Chapter, Commercial Real Estate Women (CREW), Economic Development Authority of Northern Nevada (EDAWN), and the Northern Nevada/California Society of Office and Industrial Realtors (SIOR) Chapter. Melissa is a graduate of the Leadership Reno-Sparks Class of 2009. She founded The Group in 2006 to help collaboration among women in business.

Melissa is a native Nevadan and enjoys the outdoor activities Northern Nevada offers, along with her husband Brian, daughter Charlotte, son Brennen and their two dogs. She is a fitness enthusiast and enjoys running, triathlons, Bikram yoga and cross-country skiing.

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