08/20/2026
Reno-Sparks Office Market | Q2 2026
🏢 Reno’s office market is showing signs of stabilization, and investors should be paying attention.
Here are a few key Q2 2026 numbers:
• 7.3% vacancy, office availability remains relatively tight compared with many major markets.
• $25.29/SF/month average asking rate, rents continue to show resilience, increasing approximately 1% year-over-year.
• -25,891 SF of Q2 net absorption, a modest quarterly decline, but 2026 remains positive year-to-date at +71,471 SF.
• 219,051 SF under construction, new supply is coming, making location, asset quality and tenant mix increasingly important for investors.
Properties with strong locations, quality tenants and the right basis may be positioned to outperform as the market continues to find its balance.
At Sky West Real Estate, we look beyond the headline numbers to understand where capital is moving, where demand is strengthening, and where opportunities may be emerging.The market doesn't stand still. Neither should your investment strategy.
📍 Reno-Sparks | Northern Nevada
📊 Q2 2026 Market Insights
