Southern Nevada’s industrial market soared during the second quarter, with 1.4 million square feet in net absorption for mostly speculative projects, reports Colliers International’s research manager John Stater. Industrial vacancy decreased to 10.1% or almost 3% less than one year ago. Meanwhile, the weighted average asking rental rate increased to $0.53 per square foot on a triple net basis, which is 3 cents higher than one year ago. For more information, CLICK HERE.
August 11, 2014