LAS VEGAS-The local office market was the recession-era poster child for lackluster performance, saddled with a vacancy rate approaching 30%. In the months since the recovery kicked in, that has moderated greatly, but with no large blocks of space available for large potential corporate tenants, relief is not a sure bet.
In this exclusive “SIOR Live” video interview, Commercial Executives principals Soozi Jones Walker CCIM, SIOR, and Bobbi Miracle, CCIM, discuss the changes taking place in the local market.
In addition to the local market intelligence shared in this video, Jones Walker also shares her thoughts on the importance of belonging not just to one industry association...but how membership in two turbo-charges networking and market insight.
The video will bring to you:
- An in-depth look at how the Southern Nevada recovery is taking shape; (0:31)
- Who is taking up the vacant office space; (1:23)
- What the status of concessions is in the local market; and (3:19)
- What the outlook is. (5:30)
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
