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Reno Multifamily Report.pdf

2021.Q4-Reno-Multifamily.pdf
Preview of Reno Multifamily Report
🔗 Source: lee-associates.com
📊 Size: 886 KB
📄 Pages: 2 pages
⬇️ Downloads: 76

Summary

Reno, NV's multifamily market remains strong due to the expanding economy and population, with unit pricing flattening but showing extreme strength despite added construction. Job growth, remote working, and the area's recreational location contribute to the market's strength. Top sale transactions include $47,000,000 for 3295 S Virginia Street and $66,000,000 for 2777 Northtowne Lane. Top sellers and buyers in the past 12 months include Sunroad Holding Corporation and Northland Investment Corporation, with sales volumes over $100,000,000. Market indicators show a vacancy rate of 4.7%, asking rent of $1,476.51 per unit, and 2,075 units under construction.

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Description

Reno, NV's multifamily market remains strong due to the expanding economy and population, with unit pricing flattening but showing extreme strength despite...

Technical Information

  • File Format: PDF
  • File Size: 886 KB
  • Pages: 2
  • Language: EN
  • Total Downloads: 76
  • Last Updated: 1 week ago

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