The Decision Maker's Magazine
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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...]
Commercial Real Estate Experts Anticipate Slow Growth in 2013 LAS VEGAS (January 21, 2013) – With vacancy decreasing in the office and retail sectors, Colliers International – Las Vegas’ fourth quarterly market report of 2012 points to signs of slow and steady growth in 2013, despite increases in vacancy in the industrial and medical office… [More...]
Gatski Commercial Real Estate Services promoted Jeremy Foley to senior investment sales and leasing associate. Foley joined the company’s sales and leasing team in 2010. He has extensive experience and knowledge of the Las Vegas market, ranging from finance, underwriting, investment sales, leasing and more. Prior to joining Gatski Commercial, he worked for the Las… [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 commercial real estate brokerage firm Fortis Commercial Advisors closes six commercial properties in 10 days. Las Vegas, NV – December 12, 2012 – Privately owned Las Vegas commercial real estate brokerage firm Fortis Commercial Advisors celebrated six successful commercial property closings in a 10-day period in November, a timeframe unusual in the industry.… [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...]
Executives representing this industry recently met at the Las Vegas office of Holland & Hart to discuss commercial real estate and what’s in store for the future.
Kyle Nagy, Commercial Capital Advisors, NAIOP; Cathy Jones, Sun Commercial Real Estate; Ryan Martin, Colliers International, CCIM; Jeffrey Vilkin, Tradewinds Construction; Mason Gorda, Ledcor Construction; Kevin Burke, Burke & Associates; Michael Dermody, DP Partners; Mike Montandon, VOIT Commercial Real Estate; Jeff Ehret, PENTA Building Group; Doug Roberts, Panattoni Development; Robert Leidig, Flagship Construction Co.; Mike Mixer, Colliers International; Laurie Paquette, General Growth Properties; Lance Earl, Holland & Hart [More...]
For several years, NAIOP, the commercial real estate development association, has established and supported initiatives that will help define the industry going forward. These efforts include, but are not limited to, commercial development and redevelopment, roadway and highway infrastructure improvement, economic development, workforce investment and sustainable development. At a state and local level, chapters from… [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 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...]
Each year, lobbyists flock to Carson City to push or fight legislation that stands to impact their clients’ businesses. Representatives from every sector across the state work tirelessly to ensure their voice is heard. Always present but often behind the scenes are the advocates for Nevada’s commercial real estate industry – the hardest hit sector… [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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