Office Summary: Third Quarter 2014

Southern Nevada The Las Vegas office market vacancy rate fell to 24.8 percent in the third quarter of 2014. Compared to the prior quarter, vacancies fell 0.4 percentage points. Meanwhile, the vacancy rate is down 0.7 percentage points compared to a year ago. While the office market vacancy rate remains significantly higher than its industrial… [More…]

Nevada Real Estate & Development Report: August 2014

Read the Nevada Real Estate and Development Report: August 2014 - Commercial real estate and development - projects, sales, and leases.

E Project, Other ADDRESS 501 S. Las Vegas Blvd., 89101 CONTRACTOR OF RECORD Recreation Development Company LLC (RDC) DETAILS A $1.3 million ‘shell and core’ contract has been awarded to RDC for gypsum board assemblies at the Federal Justice Tower in downtown Las Vegas. The 129,000 SF project is a joint effort between the City… [More…]

Office Summary: First Quarter 2014

Southern Nevada Demand for Las Vegas office space stalled in the first quarter of 2014 as the market reported a vacancy rate of 25.8 percent. Despite the slight uptick in office vacancies during the first quarter, they have now reported year-over-year declines for two consecutive quarters. Office inventory increased to 52.8 million during the first… [More…]