Las Vegas Multi-Family Vacancy Rates Expected to Drop

apartmentA report distributed by Avison Young regarding the Las Vegas multi-family market indicates “Activity in the Las Vegas multi-family market was very positive in the fourth quarter of 2014.  Vacancy went down almost 90 basis points from the previous quarter.  This is good news for the local market considering there were no new projects delivered.  With average asking rents remaining roughly the same as last quarter, vacancy is expected to continue to drop going into 2015.”

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