The Office Market Feels The Heat in Q2

The weather was not the only thing heating up in Reno this quarter as the Northern Nevada Office Market flourished. Nearly all of the major submarkets for the office market posted decreased vacancy rates and positive absorption in the second quarter. The activity that had been floating around since the beginning of the year finally landed with many significant leases being signed. In addition, the momentum of large building sales, those over 10,000 square feet, continued with some sizable sale transactions. The market continues to remain very busy for both leasing and sales activities and is expected to continue the momentum into the fall and winter months.