Demand for space stays strong

Illia, Tony
May 2008
Las Vegas Business Press (10712186);5/19/2008, Vol. 25 Issue 20, p24
The article reports on the strong demand for retail space in Southern Nevada during the first quarter of 2008. The Las Vegas Valley had a 3.3 percent vacancy rate in the quarter, with 1.3 million square feet worth of net absorption. Vendors, shops and stores acquired 25.6 percent more space than a year ago. The market recorded a 0.92-to-1 absorption-to-completion ratio, indicating that new space is being leased as soon it becomes available.


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