Las Vegas retail market slips in national rankings

April 2009
Las Vegas Business Press (10712186);4/6/2009, Vol. 26 Issue 14, pP10
The article focuses on a report from Marcus & Millichap, a real estate investment services company, which states that record housing foreclosures and soaring unemployment will affect retail spending in 2009 resulting in higher vacancies and lower rents in Las Vegas, Nevada. It states that the deepening recession has caused Las Vegas to drop two spots from 20th place to 22nd place in the national retail index. According to the article, vacancies are projected to increase 200 basis points in 2009.


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