Next Level Property Management Podcast
Episode
01
The first episode of the Next Level Property Management Podcast looks back at the 2024 multifamily market in Reno and Northern Nevada: transaction activity, rental performance and what to expect in 2025 and beyond.
We cover new projects including Ballpark Apartments, The Rivet and Atwood at Red, how rents moved for one, two and three bedroom units, the effect of concessions on leasing, and the short-term rental market.
The Reno multifamily market is stabilizing after several quarters of adjustment.
2024 brought lower occupancy, more concessions and shifting cap rates, with signs of recovery.
Strategic management and investment decisions matter most while the market finds its footing.
Insights
Occupancy recovered and rents grew in 2025, but the concession numbers don't tell the whole story. Here is how each Reno submarket did and where 2026 could land.
Too many new buildings, the same amenities and the same two months free. Here is how to win leases when everyone is selling the same thing.
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