Market Analysis
UNR Enrollment
23,029
Current total enrollment with 400+ annual growth since 2012
On-Campus Beds
3,452
University-owned beds representing 15% of total enrollment
Purpose-Built Beds
1,804
Private student housing beds within 0.5 miles of Quad
Market Occupancy
91.9%
Five-year average occupancy rate for competitive properties
Nevada Population Growth
1.7%
2024 growth rate, ranking Nevada 6th fastest-growing state
Reno Metro Growth
1.3%
2024-2025 population growth in Greater Reno area
Major Employers
| Company | Employees | Industry | Distance |
|---|---|---|---|
| University of Nevada, Reno | 5,000+ | Education | 0.4 miles |
| Renown Health | 4,000+ | Healthcare | 2 miles |
| Tesla Gigafactory | 3,000+ | Manufacturing | 25 miles |
| IGT | 2,000+ | Gaming Technology | 8 miles |
| Microsoft | 1,500+ | Technology | 10 miles |
| Switch | 1,200+ | Data Centers | 12 miles |
Key Market Drivers
Enrollment Growth Target
UNR President's '25 by 30' initiative targets 25,000 enrollment by 2030
Tech Industry Expansion
Major tech companies like Tesla, Microsoft, and Google expanding operations in Reno
Nevada Population Boom
State population grew 1.7% in 2024, ranking 6th fastest nationally
Housing Shortage
Only 23% bed-to-enrollment ratio creates significant unmet demand
Demographics
Median Age
Nevada state median age, younger than national average
College Educated
Percentage of adults with bachelor's degree or higher
Median Income
Nevada median household income (2023)
Population Growth
Annual population growth rate (2023-2024)
Supply & Demand Analysis
Growing Demand
UNR enrollment growing 400+ students annually since 2012 with 25,000 target by 2030
Limited Supply
Only 5,256 total student beds for 23,029 students (23% coverage ratio)
Development Constraints
Area downzoned from MU-UNRC to MU 30, limiting future high-density development
Prime Location
Up Campus closest to engineering facilities with grandfathered higher-density rights
