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2019 Q3 Las Vegas Office Market Research Report

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MR LAS 19Q3 OFC 1536x1040

Signs and Portents

With office inventory expanding in 2019, demand chose a bad time to decrease.

>> Office vacancy increased to 12.7 percent this quarter

>> Demand for office space decreased for the fourth straight quarter

>> Asking rents increased by $0.02 psf



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Net absorption decreased for the fourth straight quarter, to 92,514 square feet. This caused office vacancy to increase slightly to 12.7 percent, while the weighted average asking rate for office space increased to $2.19 per square foot (psf) on a full service gross (FSG) basis.

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MR LAS 19Q2 OFC 250x196

2019 Q3 Las Vegas Office Market Research Report

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