Best Year in Five Years for Southern Nevada’s Industrial Real Estate Market

Southern Nevada’s industrial real estate market enjoyed one of its best years in recent memory.

That is according to a recent report provided by Colliers International – Las Vegas. “Without a doubt, 2013 was the best year Southern Nevada’s industrial real estate market has had in five years,” said Colliers’ research director John Stater. “Hopefully, it was merely a prelude to an equally productive 2014.”

The sector had a year-over-year increase in net absorption of more than 130,000 square feet. The office and hotel sectors also saw year-over-year improvement. However, the same could not be said for retail, which had a net absorption decrease of more than 650,000 square feet.

CLICK HERE TO READ THE ENTIRE DETAILED REPORT

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Ben Rowley About Ben Rowley

Ben Rowley is the web editor of Nevada Business Magazine and owner of Nevada Central Media, LLC. Ben takes an integrated media approach to getting content right and read.
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