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LAS VEGAS-A mid-year market report on the region's industrialmarket finds everything humming along nicely. The market added somethree million sf through the first half of the year and has alreadyabsorbed 2.3 million sf, keeping overall vacancy in the low singledigits, according to the latest data from Applied Analysis, alocally based business advisory known for its analysis of thecommercial real estate and gaming industries.

In the near-term, the market should continue to perform, withincreasing demand largely keeping pace with a surge of newconstruction. Further out, the forecast isn't as pretty, notbecause vacancy is going to rise but because there will be novacancy, mostly because the market is running out of industrialzoned land for warehouse and distribution space priced such thatachievable rents can provide a reasonable return on investment,says Applied Analysis principal Jeremy Aguero.