Las Vegas Industrial Properties - Buy, Sell or Lease Las Vegas Industrial Space
Buy or sell Las Vegas industrial real estate
- Las Vegas industrial real estate market overview
- Services provided to Las Vegas industrial property buyers, sellers
Las Vegas Industrial Market Overview
Las Vegas, Nevada's ( Las Vegas, North Las Vegas, Henderson, Unincorporated Clark County) industrial submarkets, with the exception of North Las Vegas, had 3%-4% vacancy rates but they have doubled in the last year. Asking lease rates for industrial space have dropped to about $0.55 triple net in East Las Vegas and $.80 triple net for R&D facilities in the Airport Submarket.
The older industrial submarkets that border the resort corridor (Las Vegas Strip), west of I-15, especially the West Central, which have been purchased and rezoned for higher uses such as high-rise condominiums or commercial tourist establishments are coming back to the market.
Investors who purchased industrial land can't build it any longer due to current declining prices and are trying to lease their lot for 5-8 cents per square foot per month. Business parks are considering shorter lease terms and are offering incentives for industrial space. I have predicted a 40% drop in industrial properties for 2009 and we are well under way to get there.
For more information, read Las Vegas economic news and Las Vegas industrial market real estate news for latest news about Las Vegas industrial market. TOP
We provide The following services to Greater Las Vegas industrial property buyer and sellers
Commercial transactions are complicated and have to be handled with great care and the help of an experienced and smart commercial real estate agent. Tens of millions of dollars have been lost by investors and commercial property buyers in Greater Las Vegas in the last year and are showing up as foreclosures all over Las Vegas. Pick your agent carefully.
The following services will be provided to Las Vegas industrial properties buyer and sellers. This is a summary only and we do much more, call us to discuss your project in detail.
Office 702-478-7800
Toll Free and Fax 800-762-4917
