The Office Market: Slow and Steady into the Future

As a mixture of economic indicators appear to show the recession, movers and shakers in Southern Nevada’s office market are cautiously planning ahead.

As a mixture of economic indicators appear to show the recession in our rear view mirrors, movers and shakers in Southern Nevada’s office market are cautiously planning ahead for slow and modest growth in the coming months. “The trending is moderate growth overall due to a bettering economy,” says Lance Bradford, founder of Stable Development… [More…]

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…]

Groundbreaking for Downtown Las Vegas Clinic; Wells Fargo Invests in Southern Nevada; Home Prices Holding Steady

Volunteers in Medicine of Southern Nevada Hosts Groundbreaking Event for Clinic in Downtown Las Vegas Groundbreaking ceremony for VMSN’s new downtown Las Vegas clinic. Members of the community are invited to attend and receive information about the project. [Read more…] Wells Fargo Invests in Southern Nevada through Las Vegas Global Economic Alliance’s ‘Engage Southern Nevada’… [More…]

The Gramercy Welcomes First Office Tenants

The Gramercy offers a fresh take on the traditional work environment, drawing the attention of businesses eager to operate from the urban lifestyle village.

LAS VEGAS – The Gramercy is now offering a fresh take on the traditional work environment and is drawing the attention of businesses eager to operate from the urban lifestyle village. With more than 62 percent of its Class-A commercial office space pre-leased prior to construction completion, The Gramercy is proud to announce that HMS Holdings… [More…]

Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer

Las Vegas Will Launch 1 Million Cups to Educate, Connect Local Entrepreneurs 1 Million Cups, a program to engage, educate and connect entrepreneurs, launched in Las Vegas on Wednesday,  August 13. The weekly event will be located in the inNEVation Center, powered by Switch. 1 Million Cups is a weekly gathering that is building startup communities… [More…]

The Gramercy Brings Local Flavor to Western Las Vegas

The Gramercy brings an innovative and personalized retail, dining and residential scene to the southwest part of the valley.

LAS VEGAS – Las Vegas will soon have a new place to shop, eat, live and socialize. The Gramercy brings an innovative and personalized retail, dining and residential scene to the southwest part of the valley. Boasting prime Strip views with the serenity and authenticity of urban neighborhood appeal and convenience, the 500,000 square-foot lifestyle village will re-imagine… [More…]

Retail Real Estate Sector Begins Comeback in Second Quarterly Report From Colliers International – Las Vegas

Office sector enjoys resurgence in 2014, anticipates challenges in 2015 LAS VEGAS – Following two consecutive quarters of negative net absorption in the retail sector, the second quarterly market report of 2014 by Colliers International – Las Vegas highlighted more than 200,000 square feet of retail net absorption and more than 30,000 square feet of new… [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…]

An Industry Revived: Commercial Real Estate in Nevada

Nevada’s commercial real estate market has hit bottom and is recovering, albeit gradually and with some sectors stronger than others, experts said.

Nevada’s commercial real estate market has hit bottom and is recovering, albeit gradually and with some sectors stronger than others, experts said. Due to a confidence that the market is on the upswing, investors and tenants are willing to buy and lease. In fact, brokers completed some sizable deals in 2013, including the sale to… [More…]