Strong Start for Reno/Sparks Industrial
After a good year in 2019, the Reno/Sparks industrial market started 2020 with a solid quarter. Industrial inventory expanded by 741,527 square feet, and continued strong demand for industrial space edged the overall vacancy rate down to 5.5 percent. The average asking rate for industrial space increased to $0.45 per square foot (psf) on a triple-net (NNN) basis from $0.40 psf NNN one year ago.
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