January 2020 Commercial Real Estate Colliers reported that Las Vegas is expecting the completion of close to 460,000 square feet of new office spaces over the next four quarters. The Las Vegas commercial market experienced a breakthrough due to an increase in the number of new constructions since 2018. “While southern Nevada’s medical office market
The commercial real estate of Las Vegas has strong numbers since the beginning of the year. The impressive performance continues towards the end of the year, mainly due to Las Vegas’ continuing robust industrial expansion. As a result, real estate developments in the state will not cease anytime soon. According to the Commercial Real Estate
According to a Nevada Business report, Northern Nevada had approximately 60 lease transactions in the second quarter of 2019. All of the properties are under 10,000 square feet. In Southern Nevada, on the other hand, there were 139,000 square feet projects accomplished and 783,000 square feet under construction during the same period. Although many retail
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
The commercial real estate of Southern Nevada had a remarkable second quarter. The industrial market showed development. In a report from Nevada Business, Research Manager of Colliers International in Las Vegas John Stater said, “Southern Nevada’s industrial market posted 1.8 million square feet of net absorption in the second quarter of 2019, with the bulk
One of the biggest projects under construction in Nevada right now is the Las Vegas Stadium. The other ones include the development of The Drew, Las Vegas Convention Center, and Resort Worlds. The Las Vegas Valley retail market is moving in expansion mode in 2018 and consists of approximately 113 million square feet including 13.5
According to CBRE Las Vegas’ report, Developers completed more than 3.1 million square feet of new space in 2018. A space of 10.8 million square feet is currently planned or under construction. This can make 2019 another record year for new construction in Southern Nevada. Las Vegas has one of the fastest job growth and
