Desk of Jeffrey Lowden

Reno 2018 mid year market report

From the desk of Jeffrey Lowden Question: Vacancy Rates are going down. Are we in a Landlord or Tenant driven market? Answer: Tenant Rent increases, Construction starts, Land price appreciation Most of the markets we are working in are seeing buildings starting to fill (tenant market transitioning to a Landlord market), construction costs up and Landlords driving lease rates up. Vacancy Rate (Sub Mkts) Lease / Rental Rate Sale Price Per Foot Reno Office 7% – 8% $1.20 – $1.75 $56 – $200 Reno Retail 6.5% – 9% $1.30 –…

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