In a year marked by incredible investor demand and limited supply of office product, the Reno office market saw sizable sales volume growth, continued cap rate compression, and accelerating price increases. With total sales of office assets surpassing $203.7 million in 2021, a 53 percent increase year-over-year, the region experienced a sharp rebound in activity. Additionally, the market posted 118 office building transactions this year, up from a meager 73 sales in 2020.
Would you like to have future reports delivered directly to your inbox? Sign-up to this and other regional e-mail delivery lists.
Subscribe Here