Monthly Archives: November 2007

Las Vegas – Q3 2007 Industrial Market Report

Posted by Colliers on November 30, 2007
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Net absorption continued to lag behind new completions for the fifth quarter in a row. New completions and net absorption were down this quarter from last. Industrial vacancy now stands at 4.8%, 0.4-points higher than last quarter and 1.3-points higher than one year ago. Industrial asking rents decreased by $.02 to $.80 psf NNN. This is $.04 higher than one year ago.

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Las Vegas – Q3 2007 Retail Market Report

Posted by Colliers on November 28, 2007
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Retail vacancy decreased to 2.9% this quarter. This was 0.2-points lower than last quarter. Asking rents increased to $2.25 psf NNN. Net absorption exceeded new completions this quarter. Both new completions and net absorption were lower this quarter than last. Overall, the Las Vegas-Paradise MSA had an unemployment rate of 5.0% in August of 2007, higher than the seasonally-adjusted rate of...

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Las Vegas – Q3 2007 Office Market Report

Posted by Colliers on November 28, 2007
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The Las Vegas Valley office market remained stable in Q3, 2007. Vacancy dropped to 10.9% from last quarter's 11%. Asking rental rates increased to $2.52 psf FSG from last quarter's $2.51 psf FSG. Both net absorption and new completions were lower this quarter than last. New completions continued to outpace net absorption, but the gap between them continued to close...

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