July 1, 2011

Industrial and Office Vacancies down.

VegasInc Reported on Monday:

The office and industrial vacancy rates in the Las Vegas area fell during the second quarter, prompting a brokerage firm to suggest the city is starting to attract tenants.

Grubb & Ellis reported Monday the office vacancy rate dipped 1 percentage point to 22.5 percent, while the industrial vacancy rate fell slightly, to just above 15 percent.

Office leasing was strong during the second quarter, marking the third consecutive quarter more space was occupied than vacated

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