Southern Nevada Las Vegas Valley speculative office vacancy rate in Q1, 2016 rose 0.3 points to 18.7 percent from Q4, 2015. This was the first increase in the vacancy rate in four quarters. Vacancy rates ranged from 15.5 percent for Class C space to 23.5 percent for Class A space at the end of Q1. Although we saw a slight increase in the vacancy rate to begin the year, we … [Read more...] about Office Summary: First Quarter 2016
Pecos Springs Business Park
Office Summary: Fourth Quarter 2015
Southern Nevada The Las Vegas Valley spec office vacancy rate in Q4, 2015 declined 0.1 points to 18.4 percent from Q3, 2015. Compared to Q4, 2014, the office vacancy rate is down 0.5 points, from 18.9 percent. Q4’s vacancy rate drop means that the Valley’s office market has improved for four straight quarters. Vacancy rates ranged from 13.3 percent for Class C space to 27.1 … [Read more...] about Office Summary: Fourth Quarter 2015
Nevada’s Office Space: Positive Headway
The office space component of Nevada’s commercial real estate market faces a long recovery following the recession. Vacancy and unemployment rates were high, inventory was excessive and landlords struggled to effect leases. In addition, after the recession new construction activity and investor property acquisitions had ceased. Typically, the sector tends to be the last to … [Read more...] about Nevada’s Office Space: Positive Headway