KXNT Programming (Including Rush Limbaugh)Now on 840 AM, Radio.com App & HD 2 Channel

Vegas Retail Real Estate Making Comeback

(Las Vegas, NV) — Colliers International Las Vegas released its second quarterly market report on retail real estate. It shows signs of comeback in that sector which struggled for a long time.

Colliers International’s John Stater compiled this latest report. Stater says shopping centers are being built in the Northwest part of town, which helps. He says the soon-to-be completion of the Downtown Summerlin Shopping Center helps too.

The vacancy rate for retail is 9.1 percent. Stater says a healthier number would be in 3 the percent range.

Following two consecutive quarters of negative net absorption in the retail sector, the second quarterly market report of 2014 by Colliers International – Las Vegas highlighted more than 200,000 square feet of retail net absorption and more than 30,000 square feet of new completions in the retail sector.

  • http://nevada.dotnewz.com/las-vegas/vegas-retail-real-estate-making-comeback-lasvegas/ Vegas Retail Real Estate Making Comeback #LasVegas | Nevada Newz

    […] CBS Las Vegas […]

  • http://recode.net/2014/10/03/holacracy-or-hella-crazy-the-fringe-ideas-driving-the-las-vegas-downtown-project/ Holacracy or Hella Crazy? The Fringe Ideas Driving the Las Vegas Downtown Project. | Re/code

    […] The llama is 60 acres of Downtown Las Vegas bought dirt cheap in the years after the crash of 2008, which had devastated the city. Sixty acres of real estate, whose value is rising fast. […]

blog comments powered by Disqus
Get Started
Introducing Your New Podcast Network Play.it

Listen Live