Newmark Grubb Knight Frank (NGKF) reports that the largest industrial area in the metropolitan region – the North submarket – has been filling with national and regional users looking for growth opportunities. Institutional buyers are gaining confidence in the submarket’s robust future, and investors are eyeing the area as an alternative to the more expensive South and Central submarkets in the Vegas area. This is particularly evident as demand for warehouse product increases and big box users look for expansion opportunities in a land-constrained market.
Please contact NGKF’s Managing Director, Ben Millis, for the complete transcript.