NAI Alliance Retail Group Releases Q3 2010 Statistics
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NAI Alliance Retail Division recently completed their market survey of the Reno Sparks Market for the third quarter of 2010. Excluding regional malls, their findings show total rentable square footage at 12,931,296 and total vacant square feet at 2,205,244. This gives an overall vacancy rate of 17.05%, line shop vacancy of 22.52% and anchor vacancy of 13.08%. Total net absorption for the third quarter was 40,781 square feet and the total gross absorption was 127,080 square feet.
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