- Q4 absorbtion nearly quadrupled quarter over quarter measures
- Net absorbtion in 2013 was over 5x the 2012 net absorbtion at 202,244 square feet
- Overall vacancy is down to 13.64%
- Quality spaces in Class A buildings are at a premium, resulting in developers planning speculative building projects
- Notable transactions:
- Custom Ink, 50,000 square feet in the Reno Tech Center (100% occupancy)
- LP Insurance, 22,000 square feet at Park Center Tower in Downtown (close to 100% occupancy
Monday, January 20, 2014
NAI Alliance Releases Q4 2013 Office Market Report
A good end to the year for the Northern Nevada Office Market. The office market in Northern Nevada continued to improve at a rate not seen since the start of the recession in Q3 and Q4 2013. Here are a few of the highlights from the report.
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