(Las Vegas, NV) — Commercial real estate in Southern Nevada is making a comeback. John Stater the research director with Colliers International tells The Las Vegas Morning News “your starting to get the feel that the blood is flowing again in Las Vegas.”
Stater says retail started recovering first, but now is paused. He says there is growth in the industrial sector with the lowest vacancy rate since 2012.
Some areas are lagging behind, with an 18.8 percent vacancy rate in medical office space.
John Stater says “For 2014 as a while, vacancy will probably edge down until the second half of the year, when new market space will enter the market.”