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2022 End of Year Reno Office Sales Report

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Uncertainty surrounding interest rates in 2022 compressed average pricing down and slowed investment activity toward the end of the year. Though average price per square foot fell in the second and third quarter, the fourth quarter saw strong recovery in pricing. Investors and owner-users have not completely turned away from office assets as annual office sale volumes reached $197.4 million this year, roughly $6.3 million less than 2021. However, transaction volume was down 28.8 percent year-over-year with a total of 84 office sales in 2022.

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2022 End of Year Reno Office Sales Report

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Jordan Lehman

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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.

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