Southern Nevada’s industrial market ended 2011 on a high note, with vacancies declining to 15.1% in the fourth quarter or 0.7% less than a year prior, says Cushman & Wakefield-Commerce Real Estate Solutions. There was 198,187 square feet of positive net absorption for the last three months of 2011. The year to date total also improved with 836,111 square feet of positive net absorption. It marks the first time since 2008 that direct net absorption has been out of the negative million marks.For the full report, CLICK HERE.
