(For more retail coverage, click GlobeSt.com/RETAIL.)
LAS VEGAS-A recent report focused on the local retail industrypoints to a continued robust market. Key indicators from the reportreleased by Marcus & Millichap suggest the "market is enjoyinghealthy retail sales growth and tightening property vacancy," andmuch of that bullishness is being spurred by job and populationgrowth.
"The local retail sector continues to expand, following in thefootsteps of residential growth," says Christopher E. LoBello,regional manager of the firm's Las Vegas office. "The job marketremains strong, and gains in median household income are supportinggrowth in retail sales."
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