Illia, Tony
June 2008
Las Vegas Business Press (10712186);6/23/2008, Vol. 25 Issue 25, p24
The article examines the performance of the commercial real estate market in Southern Nevada in the first quarter of 2008. Based on a report by Colliers International Las Vegas, the office market in Southern Nevada had a 13.4 percent first-quarter office vacancy rate, which is 2.5 percent more than in 2007. The industrial market remained steady in the first quarter, recording a 6.1 vacancy rate, as average asking rents reached an all-time high at 80 cents per square foot according to CB Richard Ellis.


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