Valley Medical Office Market Slumps in 2014

PartellMedicalCenter1Southern Nevada’s medical office vacancies stood at 18.3% in the fourth quarter, up 1.4 percentage points from a year earlier, said Colliers International research manager John Stater. There were no new completions with no new medical office products planned or under construction. However, medical office asking rents increased over the past year to $2.13 per square foot on a full service gross basis. For more information, CLICK HERE.

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