The Decision Maker's Magazine
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Southern Nevada The Las Vegas industrial market reported a meaningful decline in vacancy rate, falling to 17.2 percent during the first quarter of 2013. Compared to the prior quarter, vacancies are down 50 basis points (0.5 percent), while compared to a year ago, they are down 70 basis points (0.7 percent). Approximately 690,600 square feet… [More...]
Las Vegas By the end of 2012, vacancies in the retail sector reached their lowest level since the first quarter of 2009. The vacancy rate ended the year at 9.9 percent, down 0.3 percentage points when compared to last quarter (Q3 2012). Compared to a year ago (Q4 2011) the rate is down an even… [More...]
Las Vegas During the fourth quarter of 2012, the office sector witnessed a quarter-over-quarter increase in vacancy rate. The market-wide vacancy rate for the fourth quarter of 2012 was 25.3 percent, up 0.3 percentage points when compared to the prior quarter (Q3 2012). Over one-fourth of existing office space has now been vacant for five… [More...]
Las Vegas With no completions during the quarter, the industrial market witnessed some increased demand, reporting approximately 32,000 square feet of positive net absorption. However, for the year, absorption remained negative with 243,700 square feet of net move-outs. Average asking rates remained flat at $0.51 per square foot per month for the fourth consecutive quarter.… [More...]
Las Vegas While the vacancy rate in the Las Vegas retail sector remains elevated, it posted both consecutive-quarterly and annual declines during the third quarter of 2012. The market reported a vacancy rate of 10.2 percent during the third quarter, down 0.3 percentage points when compared to the prior quarter (Q2 2012). Compared to a… [More...]
Las Vegas The office sector witnessed a quarter-over-quarter decline in vacancy rates for the first time in two years. During the third quarter of 2012, the vacancy rate fell to 25.2 percent, down 0.4 percentage points compared to the prior quarter (Q2 2012). However, the rate remains 0.3-percentage points higher than a year ago (Q3… [More...]
Las Vegas The Las Vegas industrial market continues to face a slower pace of market contraction, contributing to increased stability in the overall vacancies. The sector reported a vacancy rate of 18.6 percent during the third quarter of 2012. In the past 12 months, the sector has witnessed 674,500 square feet of negative absorption, an… [More...]
Las Vegas Vacancies within the retail sector have remained in a relatively tight range during the past three years, suggesting increased stability has emerged within the sector. During the second quarter of 2012, the vacancy rate increased a modest 0.1-percentage point over both the prior quarter (Q1 2012) and prior year (Q2 2011) to 10.5… [More...]
Las Vegas The office sector witnessed an increase in vacancies for the fifth consecutive quarter. The vacancy rate reached 25.6 percent by the mid-point of 2012, up 0.4 percentage points over last quarter. Compared to the same period last year, the vacancy rate reported a more dramatic 1.3 percentage point increase. Approximately 128,000 square feet… [More...]
Las Vegas The Las Vegas Valley industrial market continues to face challenges, including elevated vacancies. The industrial sector reported a vacancy rate of 18.5 percent by the close of the second quarter of 2012. Net absorption during the quarter was negative 103,000 square feet, which represented a slower pace of out-migration of industrial product compared… [More...]
Las Vegas The Las Vegas retail market reported a slight decline in vacancies for the second consecutive quarter. While new pre-leased inventory largely held the vacancy rate down at 10.5 percent, the market recorded 203,300 square feet of positive net absorption during the first quarter of 2012. The latest market performance reflects the 12th consecutive… [More...]
Las Vegas The office sector continues to remain fragile with further reductions in pricing amid relatively little change in the vacancy rate. The vacancy rate remained flat from the prior quarter at 25.2 percent (13.1 million square feet) by the close of the first quarter of 2012. On a year-over-year basis, the vacancy rate has increased 1.5 percentage… [More...]
Las Vegas The Las Vegas Valley industrial market continues to report rising vacancies and further pricing adjustments. The vacancy rate moved upward to 19.0 percent as 418,900 square feet of negative net absorption was reported during the first quarter of 2012. For comparison purposes, the vacancy rate is up 0.4 percentage points from the previous… [More...]
Las Vegas The anchor-centered retail market recorded 196,600 square feet of positive net absorption during the fourth quarter of 2011, pushing the vacancy rate downward to 10.6 percent. While vacancies edged down by 0.3 percentage points from the third quarter of 2011, the overall vacancy rate remains higher than the 10.3 percent reported one year… [More...]
Las Vegas The office sector’s performance continues to struggle as pricing fell amid a continued supply-demand imbalance. Rising three-tenths of one percent from the prior quarter, the vacancy rate reached yet another all-time high at 25.3 percent by the close of the fourth quarter of 2011. For the year, the vacancy rate climbed 1.5 percentage… [More...]
Las Vegas The Las Vegas Valley industrial market continued to demonstrate signs of weakness in both net absorption and pricing. The vacancy rate pushed upward to a new all-time high of 18.5 percent as 476,900 square feet of negative net absorption was reported during the fourth quarter. The vacancy rate is up 0.6 percentage points… [More...]
Las Vegas Vacancies among anchored-retail centers move upward as economic uncertainty continues to impact retailers. The market recorded 223,400 square feet of negative net absorption during the third quarter of 2011, pushing the vacancy rate up to 10.8 percent, an increase of 0.4 percentage points compared to the previous quarter (Q2 2011) and slightly ahead… [More...]
Las Vegas The office sector in the Las Vegas valley continues to show signs of weakness as approximately one fourth of total inventory remains vacant across the valley. The vacancy rate reached yet another all-time high at 25.2 percent (12.8 million square feet) by the close of the third quarter of 2011. On a year-over-year… [More...]
Las Vegas The Las Vegas Valley industrial market continued to show signs of weakness although the sector reported a decline in the vacancy rate during the past three months. The vacancy rate retreated slightly to 18.0 percent as 145,800 square feet of positive net absorption was reported during the third quarter. The current quarter is… [More...]
Las Vegas Retail vacancies moved downward to a level not seen in more than two years. The market recorded 369,700 square feet of positive net absorption during the second quarter of 2011, pushing the vacancy rate down to 10.1 percent, a decline of almost 0.4 percentage points compared to the previous quarter (Q1 2011) and… [More...]
Las Vegas Demand for office space in the Las Vegas valley remains relatively weak as new product entered the market. Inventory rose during the quarter to 50.4 million square feet as two new projects were completed. Office space totaling 145,000 square feet as part of the first phase of Tivoli Village and nearly 8,200 square… [More...]
Las Vegas The Las Vegas Valley industrial market slowed to a level not seen in several years. The vacancy rate edged up slightly to 18 percent as 135,600 square feet of negative net absorption was reported during the second quarter. For comparison purposes, the vacancy rate is up 13 basis points from the previous quarter… [More...]
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