Industrial, office, retail use rises from a year ago – 8 News NOW

The Las Vegas Valley registered improvement in industrial, office and retail use in the fourth quarter of 2014 compared to a year earlier, according to a survey released recently by RCG Economics of Las Vegas and UNLV’s Lied Institute for Real Estate Studies.

The survey found the valley ended the quarter with an industrial vacancy rate of 7.2 percent, an improvement from 11.8 percent a year earlier. The vacancy rate peaked at 15.5 percent in the third quarter of 2012, after which demand for industrial space began increasing.

via Industrial, office, retail use rises from a year ago – 8 News NOW.

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