Extending Retail's Win Streak
Southern Nevada’s retail market had a strong finish in 2018, posting 283,177 square feet of net absorption in the fourth quarter of 2018, the highest quarterly net absorption all year. This decreased the vacancy rate to 7.7 percent. Asking rental rates increased to $1.38 per square foot (psf) on a triple-net (NNN) basis from last quarter’s $1.36 psf NNN.
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