DCG MULTIFAMILY RESEARCH
Stay ahead of the trends
Dickson Commercial Group utilizes several key data sources to compile monthly and quarterly multifamily sales and apartment rental data to provide a unique and comprehensive overview of the Reno/Sparks market. For multifamily owners and investors alike, this research provides the critical data necessary to make informed and strategic decisions. 

YES, WE MADE A CORONAVIRUS VIDEO
Our take on Reno's multifamily outlook, no mask required to view.
RENO MULTIFAMILY TRENDS
MULTIFAMILY SALES
Q1 multifamily sales came in at $98.2m with one major purchase over 200 units. Duplex sales, a new section in the report, totaled $7.4m. In total, 471 small and large market-rate units were sold along with 40 duplex units. Sparks again saw the majority of the units purchased.
RENT TRENDS
Despite the effects of COVID-19 in Q1, apartment demand in Reno/Sparks continued its cyclical increase after the winter rental lull. Average rental rates increased $17 per month to $1,341. Overall vacancy decreased to 3.51%. Although the extent of pandemic’s effect on the market is not clear from the current Q1 data we expect the it to show more prominently in numbers for Q2.

CONSTRUCTION
Total units planned or under construction decreased slightly to 9,402 units. Develop-able land prices and cost of construction continue to be the most influential factors hindering new multifamily supply. On the demand side, job growth continues to increase as corporations expand or desire to move to the area. Nevada inbound moves have been some of the highest in the nation and affordability issues in Single Family housing push demand higher for multifamily inventory.
DCG MULTIFAMILY NEWS
NEW!
LOOKING FOR SMALL INVESTMENT PROPERTIES?
WE GOT YOU COVERED...
WHAT IS 2-TEN INVESTMENT PROPERTIES?
2-TEN Investment Properties is a program that is dedicated to the focus of small multifamily properties. This unique asset class requires special tools and attention, that only DCG Multifamily can provide. Investment Properties that are 2-10 units are typically listed in our residential Multiple Listing Service (MLS) that require special lending and contracts. The program is not limited to only 2-10 units properties as DCG Multifamily can service any size apartment building. Simply put, small investment properties have unique buyers and sellers, lending, contracts and access that make it a special multifamily asset class. More information to come regarding this service, if you have any questions please contact us.

NNRMLS ACCESS
Dickson Commercial Group Multifamily is proud to announce our NEW access to the Northern Nevada Regional Multiple Listing Service (NNRMLS). This allows us full access to all multifamily listings to better serve our Buyer and Seller clients.
ACTIVE MULTIFAMILY LISTINGS
Click on the link below to view the active multifamily properties for sale in the Reno/Sparks area.

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MULTIFAMILY NEWS
Stay up to date with regional and local multifamily news
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WHY NORTHERN NEVADA?
A region for growth
Greater Reno-Sparks-Tahoe is the place companies come to increase the bottom line, and to grow. Whether to take advantage of a business friendly environment, get closer to customers through strategic location or to mine the area's skilled workforce, companies like Microsoft, Tesla, Switch, Apple, Amazon.com and Urban Outfitters call Northern Nevada home to some of the their most crucial business functions.

"Nevada Vision 2020"
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TREVOR RICHARDSON
D|C|G DICKSON COMMERCIAL GROUP
DCG Multifamily - Lic. # S.0176144
email. trichardson@dicksoncg.com
cell. 775 233 0754
CHRIS MOTON
D|C|G DICKSON COMMERCIAL GROUP
DCG Multifamily - Lic. # BS.0145493
email. cmoton@dicksoncg.com
cell. 775 870 7142
Trevor Richardson | Dickson Commercial Group | 775 233 0754 | trichardson@dicksoncg.com | DicksonCG.com
Chris Moton | Dickson Commercial Group | 775 870 7142 | cmoton@dicksoncg.com | DicksonCG.com