LV Commercial Market Remains Strong
Author: Diana Heeb Bivona
Research prepared by the University of North Las Vegas showed that the dollar value for commercial building permits in June jumped 154.4 percent from the same month a year ago to $179.6 million, even though the number of permits remained about the same.
Another report by Applied Analysis reported that all sectors of the commercial market established new benchmarks recently with office, industrial and retail vacancy levels well below historical averages. Through the first half of the year, all three commercial sectors continued to post healthy expansion and market absorption, with annual results likely to outpace 10-year historical averages.