A Quick Start in 2019
After a strong 2018, Southern Nevada’s industrial market was fast out the gate in 2019, posting 1.1 million square feet of net absorption, more than one year ago. Vacancy decreased to a very low 3.2 percent. New completions totaled 578,008 square feet in the first quarter. The weighted average asking rate increased by $0.03 to $0.75 per square foot (psf) on a triple net (NNN) basis.
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