The average rent in Reno-Sparks broke the $1,400 mark for the first time as the Northern Nevada metro continued to post new highs amid the COVID-19 pandemic.

The combined average rent for both cities reached $1,421 during the third quarter of 2020, according to the latest report from real estate appraisal and consulting firm Johnson Perkins Griffin.

The number represents a $52 increase from the previous quarter. It also marks the second straight quarter that Reno-Sparks posted a record high for average rent. 

With the exception of the downtown urban submarket, nearly all of the 11 Reno-Sparks submarkets saw an increase in rent. The downtown urban submarket, which includes downtown Reno and downtown Sparks, has been seeing the highest vacancy rates this year, including 5.59% during the third quarter.