- Retail vacancy remained at 7.1 percent this quarter
- Net absorption was very low, but remained positive
- Retail asking rates increase to $1.51 psf NNN
Southern Nevada’s retail market showed surprising resiliency in 2020, but to say it was unaffected by that year’s business closures would be incorrect. Entering 2021, the retail market looked like it was on pause, with relatively low net absorption , stable vacancy and an asking rental rate that increased by only $0.01 psf on a triple net (NNN) basis.
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