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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 McLean

James McLean is the Head of Business Development at Radius+. James helps maintain external relationships with clients and assisting internally with the sales process. He also, manages internal data processes working alongside the operations team to ensure we are supporting high level data quality.

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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.