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2020 Q1 Reno Industrial Market Research Report

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Strong Start for Reno/Sparks Industrial

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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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2020 Q1 Reno Industrial Market Research Report

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Related Experts

John Stater

Research Manager

Las Vegas

John has managed the research and GIS (Geographic Information Services) departments at Colliers’ Las Vegas office for more than two decades. During that time he has been collecting, analyzing and reporting on the commercial real estate market of Las Vegas, NV, building the research department at Colliers International's Las Vegas from the ground up, establishing a database of properties, availabilities and lease and sales comps with over 20,000 records covering the industrial, office, retail, land, multifamily, hospitality, medical office markets, as well as Southern Nevada's economy in general. He also writes for the Vegas CRE Insider blog. As his office's GIS manager, he produces local, regional and national maps.

In his spare time, John writes, designs and publishes games and does freelance work in the game industry and economic research.

 

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Chris Fairchild

Executive Vice President

Reno

Chris specializes in industrial property leasing, sales, and investments in the Reno-Sparks and Northern Nevada market.  Chris spends the majority of his time focusing on industrial tenant and buyer representation.   Chris has been fortunate to work with many local, regional, and national companies with their real estate needs, delivering exceptional results, and creating long-term relationships.

Chris has experience negotiating a variety of complex real estate transactions including national and regional distribution facilities, corporate headquarters, data centers, manufacturing plants, and fulfillment centers.

Chris is a member of Colliers Logistics and Transportation Solutions Group.  Leveraging this national platform, Chris’ team has delivered custom-fit logistics solutions to his client’s supply chain needs which have led to many success stories and multi-market assignments.

Chris takes a hands-on approach with his clients and is passionate about understanding their business needs. He and his team drive value for his clients with their superior knowledge of the market, their transaction processes, and punctual communication.

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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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