Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q2 2017 was 6 percent, up 0.5 percentage-points from the first quarter. Vacancies were up in every product type except for incubator. However, that did not put a dent in completions. A large amount of new space came to market during the quarter. The industrial market appears to be continuing to … [Read more...]
Retail Summary: First Quarter 2017
SOUTHERN NEVADA The Las Vegas Valley’s overall industrial vacancy rate in Q1 2017 was 5.5 percent, 0.3 percentage-points up from the 4th quarter of 2016. The warehouse/distribution product type was responsible for the vacancy increase as vacancy was down in all other product types. A large amount of warehouse/distribution space came to market in the second half of 2016; and … [Read more...]
April 2017: Business Indicators
The “second” estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2017 grew at a 1.9 percent annualized rate, remaining unchanged from the “advance” estimate. According to more complete source data, consumer spending increased more strongly than previously thought, but increases in state and local government spending and nonresidential fixed investment … [Read more...]
February 2017: Business Indicators
U.S. real gross domestic product (GDP) for the third quarter of 2016 increased at a 3.5 percent annualized rate. The surprising upswing of real GDP in the third quarter reflects a surge in agricultural (soybean) exports and a rebound in business inventories. The consumer price index also showed the largest jump in two years at 1.7 percent. November housing starts fell … [Read more...]
Business Indicators: September 2016
The advanced estimate for U.S. real gross domestic product (GDP) for the second quarter of 2016 indicated a much weaker-than-expected growth of 1.2 percent. In addition, the first quarter’s real GDP growth was revised downward to 0.8 percent from 1.1 percent. Private investment, again, contributed negatively to U.S. economic expansion, falling by 9.7 percent from the previous … [Read more...]
History Repeats Itself
One of the problems with “progressive” ideas is that they often turn out to be the recycled remains of already tried-and-failed concepts. Nevada’s Commerce Tax — set to take effect this summer — is a prime example. Billed as an innovative tax on large businesses, the Commerce Tax will soon slap a new cost of doing business on any company with more than $4 million in … [Read more...]
Office Summary: Third Quarter 2015
Southern Nevada Las Vegas Valley “spec office” vacancy rates during Q3, 2015 declined 0.3 points to 21.3 percent from Q2, 2015. Compared to Q3, 2014, the office vacancy rate is down 0.3 points, from 21.6 percent. Q3’s vacancy rate-decline means that the Valley’s office market has been improving for seven of the last eight quarters. Vacancy rates ranged from 15.2 percent for … [Read more...]
