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2019 Q3 Las Vegas Industrial Market Research Report

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MR LAS 19Q3 IND 1536x1040

Industrial Investments Rebound

Nevada’s industrial market posted 1.33 million square feet of net absorption in the third quarter of 2019, down from last quarter and down from one year ago.

>> Sales volume in industrial properties got a big boost in the third quarter

>> Industrial net absorption was more than 1.3 million square feet in the third quarter of 2019

>> Industrial vacancy increased to 3.5 percent



MR LAS 19Q3 IND 175x227

Year-to-date, net absorption was 4.22 million square feet, of new completions were compared to 4.27 million square feet. Vacancy in the market increased to 3.5 percent. The weighted average asking rate decreased by $0.01 to $0.73 per square foot (psf) on a triple net (NNN) basis.

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MR LAS 19Q2 IND 250x196

2019 Q3 Las Vegas Industrial Market Research Report

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