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Valley Medical Office Market Dips in Second Quarter

medical1Southern Nevada medical office vacancy stood at 19.8% in the second quarter, which a 1% increase from one quarter ago and one year ago, says Colliers International research manager John Stater. The average medical office asking rent rose to $2.15 per square foot or 4 cents more than a quarter ago and one year ago. Medical office net absorption was negative 61,189 square feet, up from one year ago, which saw negative net absorption of 100,802 square feet. There were no new medical office completions during the second quarter. For more information, CLICK HERE.


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