Industrial Market Stabilizes in Third Quarter

Industrial Market Stabilizes in Third QuarterSouthern Nevada’s industrial market posted positive net absorption in the third quarter and saw an end to rising vacancy, reports Colliers International research director John Stater. While year-to-date net absorption is still deeply negative, the promise of several build-to-suit projects being completed next quarter could leave 2012 ultimately a wash – no progress, but no regress either. The average asking rent dropped one-cent to $0.48 per square
foot on a triple-net basis. For the full report, CLICK HERE.