Jul
23
Second Quarter 2012 Nevada State Commercial Real Estate Market Reports

Second Quarter 2012 Nevada State Commercial Real Estate Market Reports

LAS VEGAS OFFICE REPORT: The office vacancy rate saw a nice decrease during the second quarter to 23.9%, compared to 24.4% in the first quarter. Of the nine Las Vegas submarkets, the Downtown submarket experienced the lowest vacancy rate of 16.4%. Read Q2 Las Vegas Office Report

LAS VEGAS MEDICAL OFFICE: The medical office vacancy rate saw an increase during the second quarter to 19.6%, compared to 19.3% in the first quarter. Read Q2 Las Vegas Medical Office Report

LAS VEGAS INDUSTRIAL REPORT: Vacancy activity saw a decrease during the second quarter 2012 to 14.9%, compared to 15.6% in the first quarter 2012. Even with the jump in vacancy last quarter, the current market has returned to the 15% vacancy rate we witnessed at the end of second quarter 2011. Read Q2 Las Vegas Industrial Report

LAS VEGAS RETAIL REPORT: The Las Vegas retail market has approximately 7.9 million  square feet of vacant property, which equates to a 14.0% vacancy factor. Read Q2 Las Vegas Retail Report

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