Office landlords, brokers getting aggressive

December 2008
Las Vegas Business Press (10712186);12/22/2008, Vol. 25 Issue 51, p14
The article discusses the office space demand condition in Nevada amid the decline in the U.S. economy, credit crisis and high unemployment rate. An oversupply of office space inventory was noted as office space demand diminished causing landlords and brokers to work aggressively to close deals. Colliers International Las Vegas and Restrepo Consulting Group report that vacancy rate reached 17.5% during the 3rd quarter of 2008. Tom Stilley, senior vice president of Colliers International Las Vegas said that there are great opportunities for tenants.


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