Sparks
Reno - NV USA - Industrial Submarket
Industrial real estate intelligence for the Sparks submarket. 33.4M SF of inventory with 11.6% vacancy. Data sourced from various MLS platforms.
33.4MSF
Inventory
4.6MSF
Available
11.6%
Vacancy
13.6%
Availability Rate
$9.30
Asking Rent
0.6%
Rent Growth
252KSF
12mo Absorption
549KSF
Under Construction
Market Metrics
12mo Delivered
487K SF
Under Constr % of Inv
1.6%%
Sale Price/SF
$138
Cap Rate
6.3%%
12mo Sales Volume
$308,583,999
Sales Vol Growth
12.2%
Asset Value
$4,664,037,762
Net Absorption
+252K SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| Switch Supernap Reno 2 | - | 299,000 | Buyer 1 IFM Investors | Buyer 2 Switch, Inc. |
| Switch Tahoe Reno 1 | - | 585,346 | Buyer 1 IFM Investors | Buyer 2 Switch, Inc. |
Data Centre Development Potential
High vacancy (11.6%) in Sparks may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 549K SF indicates developer confidence in the submarket. Positive net absorption of 252K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Reno - NV USA
Evaluating Sparks for Development?
Our advisory team provides site-specific analysis including power availability, zoning, and financial modeling.
Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.