LAS VEGAS – Commercial real estate demand remained strong at midyear 2018 in Southern Nevada, while some segments of the market saw growth accelerate, others saw growth slow. The office market in Southern Nevada continued its hot streak in the second quarter of 2018. Southern Nevada has seen 14 consecutive quarters of positive net absorption, which has sent vacancy down from … [Read more...] about Colliers International – Las Vegas Releases 2nd Quarter Report
John Stater
Live-Work-Play Repeat: Mixed-Use Projects Regain Traction
The 45-acre site of the former Park Lane Mall in Reno—about seven times the size of Reno’s Greater Nevada Field ballpark—has sat vacant for ten years but now is about to get made over into a development encompassing residential, retail and commercial components. As of mid-April, ground was slated to break soon on the infrastructure, then the 1,260 apartments to be followed … [Read more...] about Live-Work-Play Repeat: Mixed-Use Projects Regain Traction
Southern Nevada Gets a Strong Start in 2017
LAS VEGAS - Southern Nevada’s commercial real estate extended its recovery and expansion in the first quarter of 2017. The industrial market began what by year’s end should be one of its largest expansions ever, the office market saw its recovery continue apace and the medical office market also saw conditions improve. Only the retail market suffered a set-back, and this … [Read more...] about Southern Nevada Gets a Strong Start in 2017
Southern Nevada’s Industrial Market Has Left the Great Recession Behind
Colliers International – Las Vegas releases Fourth Quarter Reports LAS VEGAS – Southern Nevada’s industrial market rounded out 2015 with one of its strongest years ever. Industrial demand was partially stimulated by construction activity, and while infrastructure development is supplying most of that activity, multifamily projects are contributing as well. During the … [Read more...] about Southern Nevada’s Industrial Market Has Left the Great Recession Behind
Industrial Surges, Office and Retail Coast During Third Quarter in Las Vegas
Las Vegas – Southern Nevada’s warehouse/distribution properties continued to post impressive results in the third quarter of 2015, but other industrial segments showed strong demand as well. Vacancy in the warehouse/distribution sector is now a very low 3.1 percent, which continued to stimulate new industrial development; more than 8 million square feet of new industrial … [Read more...] about Industrial Surges, Office and Retail Coast During Third Quarter in Las Vegas
Recovery Transitioning into Expansion and Reinvention
Las Vegas – While some sectors of Southern Nevada’s commercial real estate market are still recovering from the Great Recession, others have thrived. The warehouse/distribution sector has shown such strong demand over the past three years that vacancy in that sector is now just 3.2 percent. This has stimulated new speculative construction on a level not seen in Southern Nevada … [Read more...] about Recovery Transitioning into Expansion and Reinvention
Colliers International: Demand for Commercial Real Estate at Seven-Year High
LAS VEGAS – Demand for commercial real estate in Las Vegas has reached a seven-year high, according to Colliers International’s first quarter reports. Colliers International noted that all segments of commercial real estate saw positive net absorption in the first quarter of 2015, with the industrial market leading the way. Vacancy in warehouse buildings has been cut in half … [Read more...] about Colliers International: Demand for Commercial Real Estate at Seven-Year High
More Than 2,600 Acres of Land Sales in 2014 Demonstrate Growth for Southern Nevada
LAS VEGAS – The land market in Southern Nevada continues to recover, as evidenced by the fourth quarterly market report of 2014 from Colliers International – Las Vegas. During the past 12 months, the market witnessed the sale of more than 2,600 acres of industrial, commercial and residential land, accounting for more than $700 million in sales volume. According to experts at … [Read more...] about More Than 2,600 Acres of Land Sales in 2014 Demonstrate Growth for Southern Nevada
Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer
Las Vegas Will Launch 1 Million Cups to Educate, Connect Local Entrepreneurs 1 Million Cups, a program to engage, educate and connect entrepreneurs, launched in Las Vegas on Wednesday, August 13. The weekly event will be located in the inNEVation Center, powered by Switch. 1 Million Cups is a weekly gathering that is building startup communities over cups of coffee and … [Read more...] about Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer