After a strong second half 2016, Southern Nevada’s retail market suffered a weak first quarter of 2017. Fortunately, that down quarter proved to be temporary, as demand roared back to life in the second quarter. Things should improve even more by the end of 2017, with planned inventory growth and strong pre-leasing in those new projects. Vacancy decreased to 8.3 percent, and could dip below 8.0 percent by the end of the year. The asking rental rate for retail space in the second quarter of 2017 was $1.36 per square foot (psf) on a triplenet (NNN) basis, the same as it was one quarter ago.