Las Vegas The Las Vegas Valley industrial market continues to report rising vacancies and further pricing adjustments. The vacancy rate moved upward to 19.0 percent as 418,900 square feet of negative net absorption was reported during the first quarter of 2012. For comparison purposes, the vacancy rate is up 0.4 percentage points from the previous quarter (Q4 2011), and is … [Read more...] about Industrial Summary: Fourth Quarter 2011
Monthly Editorial Departments
May 2012: Business Indicators
U.S. real GDP grew at an annualized rate of 3.0 percent during fourth quarter 2011, representing a substantial gain over the third-quarter rate of 1.8 percent. Consumption spending and inventory investment were particularly strong. Residential and business fixed investment slowed. Imports and government spending made negative contributions. U.S. nonfarm employment rose by only … [Read more...] about May 2012: Business Indicators
April 2012: Around the State
Nevada Sets Record for Exports In 2011, Nevada’s exports totaled nearly $8 billion, breaking the previous Nevada record of just over $6 billon set in 2008. This was a 35 percent increase over 2010 and a jump of $1.85 billion according to the U.S. Department of Commerce. The Commerce Department estimates that every $181,000 in exports supports one job. Nevada’s 2011 exports … [Read more...] about April 2012: Around the State
Retail Summary: Fourth Quarter 2011
Las Vegas The anchor-centered retail market recorded 196,600 square feet of positive net absorption during the fourth quarter of 2011, pushing the vacancy rate downward to 10.6 percent. While vacancies edged down by 0.3 percentage points from the third quarter of 2011, the overall vacancy rate remains higher than the 10.3 percent reported one year ago (Q4 2010). As the … [Read more...] about Retail Summary: Fourth Quarter 2011
April 2012: Business Indicators
According to the second estimate, U.S. real GDP grew at an annualized rate of 3.0 percent during fourth quarter 2011, which represents a substantial gain over the third-quarter rate of 1.8 percent. U.S. nonfarm employment rose by 227,000 jobs in January, and the unemployment rate held steady at 8.3 percent as labor force participation increased. Consumer confidence and consumer … [Read more...] about April 2012: Business Indicators
March 2012: Around the State
Governor to Head Trade Mission to Israel The Governor’s Office of Economic Development has announced that Governor Brian Sandoval will lead a Nevada trade mission to Israel in mid-May. The trade mission will include opportunities to discuss the technologies that Nevada and Israel are pursuing to expand their water supplies for residential and commercial needs. Other areas of … [Read more...] about March 2012: Around the State
Office Summary: Fourth Quarter 2011
Las Vegas The office sector’s performance continues to struggle as pricing fell amid a continued supply-demand imbalance. Rising three-tenths of one percent from the prior quarter, the vacancy rate reached yet another all-time high at 25.3 percent by the close of the fourth quarter of 2011. For the year, the vacancy rate climbed 1.5 percentage points. Despite weak market … [Read more...] about Office Summary: Fourth Quarter 2011
March 2012: Business Indicators
U.S. real GDP grew at an annualized rate of 2.8 percent during fourth quarter 2011, which represents a gain over the third-quarter figure of 1.8 percent. Consumption spending and inventory investment were particularly strong. Residential investment showed stronger growth, but business fixed investment slowed. U.S. nonfarm employment rose by 243,000 jobs in January, and the … [Read more...] about March 2012: Business Indicators
Texas Margin Tax: Always a Bad Idea: Margin Tax is More Destructive than Alternatives
Leaders in the Democratic majority during the 2011 state legislative session proposed a dramatic change to Nevada’s tax system: Phase out the Modified Business Tax — a tax on private-sector payroll — and replace it with a new, larger levy modeled after Texas’ business margin tax. The effort gained so little traction in Carson City that the Democratic leadership, embarrassed, … [Read more...] about Texas Margin Tax: Always a Bad Idea: Margin Tax is More Destructive than Alternatives
February 2012: Around the State
UNR and DRI Reach Out to Business Community The Technology Transfer Office (TTO) for the University of Nevada, Reno and Desert Research Institute has created an Industry/Faculty Partnering Clinic. The program is one of three from the TTO designed to engage the community and enhance technology transfer, economic development and the relationship between the institutions and the … [Read more...] about February 2012: Around the State
Industrial Summary: Fourth Quarter 2011
Las Vegas The Las Vegas Valley industrial market continued to demonstrate signs of weakness in both net absorption and pricing. The vacancy rate pushed upward to a new all-time high of 18.5 percent as 476,900 square feet of negative net absorption was reported during the fourth quarter. The vacancy rate is up 0.6 percentage points from the previous quarter, and a larger … [Read more...] about Industrial Summary: Fourth Quarter 2011
February 2012: Business Indicators
According to revised data, U.S. real GDP grew at an annualized rate of 1.8 percent during third quarter 2011, which represents a gain over the second-quarter figure of 1.3 percent. Consumption spending and business fixed investment were particularly strong. U.S. nonfarm employment rose by 200,000 jobs in December, and the unemployment rate fell to 8.5 percent. Both consumer … [Read more...] about February 2012: Business Indicators
January 2012: Around the State
Health Care Partners Becomes an Accountable Care Organization Health Care Partners of Nevada has been selected to participate in the Pioneer Accountable Care Organization (ACO) Model, an initiative sponsored by the Centers for Medicare and Medicaid Services (CMS) Innovation Center. Through the Pioneer ACO Model, the company will provide beneficiaries with higher quality care, … [Read more...] about January 2012: Around the State
Examining the Tax Plans of Top GOP Candidates: Proposals range from gournd-breaking flat taxes to tweaking the status quo
In 2010, Americans spent 6 billion hours, which is approximately 8,800 lifetimes, and $480 billion doing their taxes. This represents a huge deadweight loss — time and money wasted jumping through government-mandated hoops — for individuals and America’s economy. It’s also why, regardless of how much how you think the federal government needs to collect in taxes, it is … [Read more...] about Examining the Tax Plans of Top GOP Candidates: Proposals range from gournd-breaking flat taxes to tweaking the status quo
Retail Summary: Third Quarter 2011
Las Vegas Vacancies among anchored-retail centers move upward as economic uncertainty continues to impact retailers. The market recorded 223,400 square feet of negative net absorption during the third quarter of 2011, pushing the vacancy rate up to 10.8 percent, an increase of 0.4 percentage points compared to the previous quarter (Q2 2011) and slightly ahead of the 10.7 … [Read more...] about Retail Summary: Third Quarter 2011