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25 Aug, 2026
Analysis | Latest
Reno’s Storage Market Recovers: Supply Peaks and Rates Rebound
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Written by James de Gorter

James co-founded Union Realtime in 2016. He previously spent eight years on Wall Street investing in tech companies for firms including Royal Bank of Canada. With Radius, the task is similar: discover and communicate actionable insights for clients. When he's away from the numbers, James enjoys family time, golf, and his status as reigning NKF Ping Pong Champion.

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This week the Radius+ team took a closer look at Reno, NV CBSA.

Historical Supply Growth in Reno, NV CBSA:

2020: .9%

2021: 6.4%

2022: 5.8%

2023: 1.3%

2024: 4%

2025: 1%

2026: 0%

Reno has seen large volumes of supply added from 2021 through 2024, creating rate compression in a market that already had high square foot per capita levels. Despite this, the region has transformed its economy away from gaming and into a diversified employment base that includes Tesla, Google, Microsoft, Apple, and major healthcare and logistics companies. The strong economic profile supports storage demand, but supply density creates challenges when new facilities enter lease-up. Absorption of recent deliveries has gone well as we can observe rental rate recover happening during this year’s lease up season.