Local apartment vacancy rates rise in first quarter

June 2009
Las Vegas Business Press (10712186);6/8/2009, Vol. 26 Issue 23, pP10
The article offers updates on the real estate sector in Nevada. A report from business advisory firm Applied Analysis revealed that local vacancy rates rose by 8.7 percent in the first quarter of 2009, while asking rents dropped to $868 per month. The proposed 210,400-square-foot Las Vegas Blvd. North project, designed by Fentress I Architects, has been launched by Whiting-Turner Contracting Co. The 12-year-old Arville Distribution Center in Las Vegas has been bought by EastGroup Properties for $11.05 million.


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