Las Vegas—May 26, 2015—The Las Vegas office of Cushman & Wakefield | Commerce released its Marketbeat Snapshot reports for Q1 of 2015. The reports detail office, industrial and retail sectors of commercial real estate in the Las Vegas area.
“A positive job market and an increase in investor confidence translated into gains in commercial real estate in Southern Nevada,” said Michael Dunn, Market Leader of the Cushman & Wakefield | Commerce Las Vegas office. “Las Vegas continued its recovery at a faster pace than the overall U.S. economy with momentum continuing to slowly build across all product types. Jobs were added at 2.7 percent over last year. Demand for retail space is on the rise, the office sector saw the highest net absorption in years and the industrial market is in a solid growth mode.”