October 2019: Commercial Real Estate

The number of commercial properties for lease and sale has increased compared to the previous month. Investors looking for space have a lot of options in Las Vegas.

It seems that the recession will not make much of an impact on Southern Nevada. If ever, its impact will not come close to the impact brought about by the Great Recession in 2008.

According to a report from Nevada Business, “Whatever economic storm will greet Nevada in 2020, Southern Nevada’s commercial real estate market should be better positioned to weather a storm than it was a decade ago.”

“A rare building fire and a dearth of new completions caused the Valley’s office inventory to shrink in the second quarter of 2019. With significant net absorption posted in the two previous quarters, Southern Nevada’s office market looked poised for a major expansion in 2019,” the report also revealed.