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Las Vegas Industrial Opportunities Abound

LAS VEGAS-Industrial buyers and tenants can expect short-term opportunities and bargains in the Las Vegas market come 2002, according to the latest report by Grubb & Ellis. The long-term challenge will be to meet the pent-up demand for industrial space.

By John Rebchook | Updated on December 20, 2001

LAS VEGAS-Industrial buyers and tenants looking to expand in 2002, will find many short-term opportunities next year in the Las Vegas market, predicts Grubb & Ellis Co.

They will be able to negotiate more aggressive leases as building owners become more and more eager to fill space, the real estate company forecasts. Short-term, financing will be hard to come by, except by the most established of companies, such as Jackson Shaw and Magnum Opus.

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