Episode 1

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Published on:

8th Feb 2025

2024 Reno Multifamily Real Estate Market Review & Insights

Welcome to the first episode of the Next Level Property Management Podcast, where we dive deep into the multifamily market in Reno and Northern Nevada!

In this episode, we take a look back at 2024, analyzing key market trends, transaction activity, rental performance, and what’s on the horizon for 2025 and beyond.

What You'll Learn in This Episode:

✅ 2024 Market Overview: A recap of transaction volume, cap rates, and occupancy trends.

✅ New Developments: Insights into the latest multifamily projects in Reno, including Ballpark Apartments, The Rivet, and Atwood at Red.

✅ Rental Market Trends: How pricing for 1-bedroom, 2-bedroom, and 3-bedroom units shifted over the year.

✅ Challenges & Opportunities: The impact of concessions on leasing, retention strategies, and how investors can adapt.

✅ Short-Term Rentals: A look at Reno’s STR market, revenue trends, and what’s changed.

✅ Future Outlook: What to expect for rent growth, absorption rates, and new development in 2025 and 2026.

Key Takeaway:

The Reno multifamily market is stabilizing after several quarters of adjustments. While 2024 brought challenges like declining occupancy, increased concessions, and shifting cap rates, there are signs of recovery. Strategic property management and investment decisions will be crucial in navigating the evolving landscape.


Connect with us & stay updated on the Reno multifamily market!

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About the Podcast

Next Level Property Management
Reno Multifamily Updates, Trends, and Strategies
Welcome to the Next Level Property Management Podcast, your premier source for expert insights into the multifamily real estate market in Reno and Northern Nevada.

Whether you’re an investor, developer, lender, or property management professional, this podcast delivers the latest market updates, proven strategies, and industry trends that shape the region’s multifamily landscape.

Our team at Next Level Property Management is dedicated to helping you navigate the complexities of multifamily investing, ownership, and management. With deep local expertise and a passion for delivering results, we bring you:

✅ Northern Nevada Multifamily Market Updates: Stay ahead of the curve with real-time data, emerging trends, and key insights that impact your investments.

✅ Investment & Development Strategies: Gain actionable advice on underwriting, value-add opportunities, and the latest development projects in the Reno area.

✅ Expert Interviews & Thought Leadership: Hear from top industry professionals, including real estate investors, developers, lenders, and property management experts, as they share their experiences and predictions for the market.

✅ Operational Best Practices: Discover property management strategies that maximize NOI, improve tenant retention, and enhance asset performance.

✅ Legislative & Economic Insights: Understand how local and national policies, economic shifts, and regulatory changes affect the multifamily sector in Northern Nevada.

At Next Level Property Management, we specialize in delivering high-performance property management solutions tailored to the Reno market.

Through this podcast, we’re bringing you the knowledge and resources you need to make informed decisions and take your multifamily investments to the next level.

Subscribe today and stay ahead of the competition with exclusive insights into Reno’s fast-growing multifamily sector. Whether you own, manage, or invest in multifamily properties, this podcast is your essential guide to success in Northern Nevada real estate.

🔹 New episodes dropping regularly—stay tuned!

👉 Follow us and connect with Next Level Property Management:
https://nextlevelpm.co

About your host

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Chris Foti