Southern Nevada’s market closed the year with 3,488,230 square feet of net absorption, only slightly less than in 2013, said John Stater, research manager for Colliers International Las Vegas. It took about 200,000 square feet more new construction to get to that number, underscoring the slightly weaker performance in the speculative industrial market experienced this year compared to last. However, industrial vacancies decreased to 8.8% in the fourth quarter while asking rental rates increased to $0.55 per square foot on a triple net basis. For more information, CLICK HERE.
