Fast forward to 2025. Nevada’s office market has rebounded. It’s stable. It’s just not particularly exciting.

“Our northern Nevada office market is stable,” said Dominic Brunetti, principal, Dickson Commercial Group. “It rebounded quickly after COVID, based on the influx of primarily Californians that came here. Some brought their small businesses, and some didn’t, but some relocated here and then didn’t want to work strictly from home and leased small offices.”

There was also an influx of investors that flooded the market and drove values extremely high, almost out of reach and out of control, added Brunetti. “But that’s all somewhat settled down and now we’re kicking around a 10 percent vacancy rate over the last few years.”

Read More Here: https://nevadabusiness.com/2025/12/nevadas-commercial-real-estate-market-after-covid/