Retail Vacancies Down. Great news for Las Vegas commerce.

Accoding to CoStar Group, Retail Vacancies have decreased to 10.9%:

http://www.costar.com/News/Article/Market-Trend-Las-Vegass-Retail-Vacancy-Decreases-to-109/135349?ref=/News/Article/Market-Trend-Las-Vegass-Retail-Vacancy-Decreases-to-109/135349&src=rss

I was just noticing this week that a strip center near my house which had mostly vacancies is nearly completely leased now with four new restaurants moving in.

Retail is usually the last to progress in an economic recovery. This increase in occupancy is another indicator of Las Vegas’ economic engine is just starting to recrank.