January 2009
Las Vegas Business Press (10712186);1/12/2009, Vol. 26 Issue 2, p19
The article examines the economic conditions in Las Vegas, Nevada in the fourth quarter of 2008. Office vacancy rates reached 17.3 percent during the quarter, while only 246,000 square feet of office space was completed, a 63.8 percent decline from the third quarter. New foreclosures totaled 1,882 in December, a 20.9 percent decline from November. The Federal Deposit Insurance Corp. reported a 20.4 percent decline in total assets in the third quarter at $1.3 trillion.


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