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2019 Q4 Las Vegas Retail Market Research Report

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2019’s Retail Boom

Demand for Southern Nevada’s retail market hit a recent high in 2019, with net absorption totaling over 1 million square feet.

>> Southern Nevada’s retail market had strong net absorption in 2019

>> New construction of retail remains light

>> Asking rents decreased to $1.44 psf NNN



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Retail construction was also robust in 2019, with inventory expanding by 450,680 square feet. This took retail vacancy down to 6.8 percent, while asking rents increased to $1.44 per square foot (psf) on a triple-net (NNN) basis on a year-over –year basis.

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2019 Q4 Las Vegas Retail Market Research Report

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