TITLE

Demand for space stays strong

AUTHOR(S)
Illia, Tony
PUB. DATE
May 2008
SOURCE
Las Vegas Business Press (10712186);5/19/2008, Vol. 25 Issue 20, p24
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
32441073

 

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