Reno Realtor - Keller Realty Sierra Nevada Properties

The following was posted on www.thebizscoop.com on November 7th 2011.

The retail is one of the most interesting Reno commercial markets to look into. The retail vacancy can be linked with a lot of other market factors such as housing statistics as well as taxable sales. While the Reno/Sparks retail market has seen some major stores open up in the past few years, overall vacancy for the 2nd quarter 2011 was between 16.8% and 17.8% which is mostly up from the previous quarters. Average retail asking rents are around $1.35 to $1.42 which is down from the previous quarter. Most companies have not reported their 3rd quarter stats but there is a flurry of activity that should change a lot of these numbers including the new Walmart off Lemon Valley Dr and several new retailers in the Legends at Sparks Marina. For more information, contact Ben Galles at Keller Realty Inc. at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or 775 750 6429.