Retail's real estate reverb

Smith, Hubble
May 2008
Las Vegas Business Press (10712186);5/19/2008, Vol. 25 Issue 20, p6
The article reports that despite an economic downturn and falling consumer spending, the retail developments in Las Vegas, Nevada remain strong. Business is booming in high-end malls but smaller retailers and their landlords are affected by the reduced consumer spending. Despite increased vacancy, average asking monthly lease rates during the first quarter of 008 rose to $2.22 a square foot.


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