With its vacancy rate at its lowest in nearly 15 years, Las Vegas ranks as the No. 2 office market in the US, according to the Avison Young's Third Quarter Office Market Report.
Avison Young's Vitality Index, a dashboard of weekly foot traffic patterns from 52 markets across North America, shows the Las Vegas office market has recovered 73.1% from pre-pandemic office numbers, posting several milestones.
In a sign it's "turning of the tide," Avison Young reported that Las Vegas office sector in Q3 had a direct office vacancy rate of 12.7%.
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