- Net absorption remained positive in Q2
- Asking rates increased by $0.06 PSF this quarter
- Vacancy decreased to 11.3
After a nice bounce in the first quarter of 2021, Southern Nevada’s medical office market slowed down in the second quarter. The market generated positive net absorption in the second quarter of 2021, but less net absorption than in the first quarter of 2021. Vacancy decreased by 0.3 points to 11.3%. Asking rental rates increased by $0.06 to $2.29 psf on a full service gross (FSG) basis.
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