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%.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
