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2021 Spring Reno Retail Market Research Report

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Reno Retail Market Primed for a Resurgence in 2021

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With the easing of many COVID-related business restrictions starting this summer and the most difficult part of the pandemic in the rear-view mirror, Reno’s retail market is primed for a resurgence in 2021. Roughly one-half of all adults in Washoe County have received at least one dose of the vaccine and Reno’s population growth has accelerated over the course of the pandemic. Retail was already undergoing significant disruption and transformation prior to the pandemic as a result of excess space per capita, accelerating e-commerce sales, and shifting consumer spending habits. However, there is a light at the end of the tunnel with tenant demand recovering and more households pouring into the Reno/Sparks region. With both businesses and households continuing to relocate to Northern Nevada in increasing numbers and new construction underway to address pent-up demand, Reno’s retail market will see recovering leasing activity and improving fundamentals.

 

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2021 Spring Reno Retail Market Research Report

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Jordan Lehman

Research Analyst

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As a Research Analyst in Reno, I  perform database maintenance and work with the Northwest Research team to produce quarterly reports for the region. I also track market activity to provide meaningful insights for our excellent group of advisors. My areas of interest  include the Industrial, Office, and Retail sectors. With a background in finance, I enjoy the creative problem solving involved in research.

Outside the office my passions are film, music, and rock climbing.

 

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