Colliers: Office Market Improves in Second Quarter

OfficeSouthern Nevada’s office market improved during the second quarter, recording 444,818 square feet of net absorption that helped lower vacancy rates to 19.8%, which is two percentage points lower than a year ago, says Colliers International research manager Matt Stater. Asking lease rates, as a result, increased slightly to $1.87 per square foot on a full service gross basis. For more information, CLICK HERE.

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