Industrial Summary: First Quarter 2015

Southern Nevada The overall vacancy rate for the Las Vegas Valley industrial market in Q1, 2015 was 6.9 percent, a drop of 0.3 points, from 7.2 percent in Q4, 2014. The first quarter’s decline equates to nine straight quarters of declining industrial vacancies. The strong growth in the demand for industrial space, paired with resurgent construction, shows that the Valley’s … [Read more...]

Colliers International – Las Vegas Finalizes $4.9 Million Lease Renewal

Colliers International announced the finalization of a lease renewal of an industrial property located at 3837 Bay Lake Trail for$4,915,081.

LAS VEGAS  – Colliers International – Las Vegas announced the finalization of a 60-month lease renewal to Amazon.com. The 283,920-square-foot industrial property is located at 3837 Bay Lake Trail, Suite 111 in the Las Vegas Corporate Center. The total transaction value was $4,915,081. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, … [Read more...]