Office market will pick up by mid-2009

Broadhead, Randy
June 2008
Las Vegas Business Press (10712186);6/23/2008, Vol. 25 Issue 25, p32
The author predicts a stronger commercial real estate market and an increased demand for Class A office space in Las Vegas, Nevada by mid-2009. He attributes the steady rate of overall vacancy to the core strength of the local economy. He adds that he and his team at CB Richard Ellis expect the Southwest area to remain a strong choice for businesses, as the majority of the 3.7 million square feet of office space under construction can be found in that part of the valley.


Related Articles

  • Reality tempers positives at real estate forum. HOWE, ALESHIA // Fort Worth Business Press;2/2/2009, Vol. 21 Issue 4, p1 

    The article provides an outlook for the commercial real estate sector in Tarrant County, Texas in 2009. According to local real estate experts, the county market will face a slow-down. It is projected that well-positioned projects will continue to see movement at a slower pace while poorly...

  • Smooth sailing ahead for Utah's commercial real estate market. Martin, William K. // Enterprise/Salt Lake City;1/17/2005, Vol. 34 Issue 30, p8 

    Assesses the performance of the commercial real estate sector of Utah as of January 23, 2005. Growth of the real estate market in 2004; Forecast on the performance of the real estate market in 2005; Trends in the commercial office sector.

  • Untitled. Pilkington, Lisa // EG: Estates Gazette;2/1/2014, Issue 1356, p03 

    The article reports on a study from real estate services company DTZ which predicts that office space availability in Great Britain will erode further in 2014. It reports that a shortage in grade-A space is expected for the year, mainly due to high demand. It reveals the study's claim that only...

  • Realtors foresee rising vacancies, declining rents next year. Golden, John // Westchester County Business Journal;12/28/2009, Vol. 48 Issue 52, p3 

    The article reports on the outlook of realtors towards the commercial office and retail markets of Westchester County, New York for 2010. It mentions that realtors see that more companies will vacate office space and rents will continue to decline. However, they hope that the market will pick up...

  • Office vacancies soar to seven-year high. Illia, Tony // Las Vegas Business Press (10712186);6/9/2008, Vol. 25 Issue 23, p12 

    The article focuses on the increasing office vacancies in Southern Nevada in the first quarter of 2008. Colliers International Las Vegas reports that Southern Nevada had a 13.4 percent, first-quarter vacancy rate, 2.5 percent more than in 2007, and higher than the 2001 recession peak vacancies....

  • Office market will be 'standout performer' in short and long term.  // Mortgage Banking;Sep2006, Vol. 66 Issue 12, p98 

    The article reports on the potential growth in the office market in the U.S. in 2006 due to strong rent and income gains. The sector is expected to have an annual return of 8.1 percent until the end of 2010. On the other hand, warehouse will take the second place with a 7.2 percent forecasted...

  • London in 2016: the start of a new cycle. McCLARY, SAMANTHA // EG: Estates Gazette;10/1/2011, Issue 1139, p48 

    The article provides an outlook for the real estate sector in England from Knight Frank. The agent believes that market recovery will occur between 2012 and 2014. In 2016, the number of workers in the city will reach more than 380,000. The emerging three camps in the city office market include...

  • Office Markets Improving.  // Mortgage Servicing News;Oct2004, Vol. 8 Issue 9, p8 

    Reports on the improvement of office and industrial markets in the second quarter of 2004 in the U.S. Area of office space filled during the quarter; Increase in the occupancy rate of offices; Forecast for the total absorption of office space for the year.

  • Untitled. Bourke, Joanna // EG: Estates Gazette;1/18/2014, Issue 1354, p03 

    The article discusses CBRE's Outlook 2014 Ireland report which noted that office leasing in Dublin rose 20 percent in 2013 and strong volumes of activity in the commercial property market are expected in 2014.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics