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Report: Retail Rents Slip in Second Quarter

shopping_bagsSouthern Nevada retail vacancy slipped to 9.1% in the second quarter for a one-point increase from one year ago, says Colliers International research manager John Stater. The average retail asking rent dropped to $1.30 per square foot, which is a 2-cent decrease from a quarter ago and 4 cents less than last year. The upside, net absorption was 200,995 square feet in the second quarter for a significant increase over last quarter, which saw negative net absorption. For more information, CLICK HERE.


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