North Valleys

Reno - NV USA - Industrial Submarket

Industrial real estate intelligence for the North Valleys submarket. 28.2M SF of inventory with 18.6% vacancy. Data sourced from various MLS platforms.

28.2MSF

Inventory

5.9MSF

Available

18.6%

Vacancy

20.8%

Availability Rate

$7.87

Asking Rent

1.7%

Rent Growth

-868,243SF

12mo Absorption

336KSF

Under Construction

Market Metrics

12mo Delivered

829K SF

Under Constr % of Inv

1.2%%

Sale Price/SF

$139

Cap Rate

6.0%%

12mo Sales Volume

$58,450,000

Sales Vol Growth

-52.3%

Asset Value

$3,958,458,257

Net Absorption

-868,243 SF

Recent DC Sales in Market

Property	Price	SF	Buyer
SFO1	$119.3M	26,900	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
4495 Low Latency Ln	-	200,000	-
4495 Low Latency Ln	-	200,000	-
8425 N 114th St	$2.6M	232,663	Google
Santa Clara Data Center/SFO2-B	$55.0M	128,780	CSquare

Available DC Space in Market

Property	Avail SF	Rent	Owner
Four Overlook Point	863,403	$21.87 - 26.73 (Est.)	Woodcrest Capital LLC
Building D	20,678	$10.86 - 13.27 (Est.)	Entrada Partners
The Falchi Building	272,217	$23.00	Savanna Real Estate Fund
McHenry Corporate Center IV	42,811	$6.00 - 12.50	Gold Drop
2149 Queens Chapel Rd NE	15,086	$11.00	Ali Hassani

Data Centre Development Potential

High vacancy (18.6%) in North Valleys may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 336K SF indicates developer confidence in the submarket. Negative absorption of 868K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.