Falling interest rates has not translated into increased sales of industrial property in the Reno/Sparks region in 2024. Lower property values, higher vacancy rates and a lack of rent growth all contributed to just $595 million worth of industrial properties in the region selling year to date.
Reno's industrial property sector facing increased risk from CMBS loans coming due over next two years
Multifamily segment increases exposure in 2027 but has much less risk
By Will Austin
CoStar Analytics
December 2, 2024 | 5:49 P.M.
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IN THIS ARTICLE
- Properties
- Petsmart
1200 Venice Way, Sparks, NV
- Sherwood Forest Apartments
630 Robinhood Dr, Reno, NV