Insights
Nevada
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Distribution / Warehousing
Average Vacancy Rate 7.9%
- Drifted upward by 10 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $6.40
- Up 0.5% from year-end 2018.
- Expected to finish 2019 at.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 11.5%
- Drifted downward by 10 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $5.23
- Up 0.8% from year-end 2018.
- Has risen for six consecutive quarters.
- Expected to finish 2019 at.
VACANCY
Apartment
Average Vacancy Rate 4.4%
- No change since Q1 2020.
- Highest level since Q2 2015.
- Expected to finish 2020 at 6.2%.
Distribution / Warehousing
Average Vacancy Rate 8.0%
- Drifted upward by 40 basis points.
- Expected to finish 2019 at 6.9%.
Office
Average Vacancy Rate 23.5%
- Drifted upward by 40 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 25.8%.
Retail
Average Vacancy Rate 13.0%
- Drifted downward by 10 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2020 at 15.2%.
RENT
Apartment
Average Asking Rent $1,161
- Down 0.1% from Q1 2020.
- Expected to finish 2020 at $1,115.
Distribution / Warehousing
Average Asking Rent $6.65
- Up 0.2% from year-end 2018.
- Has risen for six consecutive quarters.
- Expected to finish 2019 at $6.78.
Office
Average Asking Rent $25.53
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $24.06.
Retail
Average Asking Rent $22.75
- Down 0.4% from Q1 2020.
- Expected to finish 2020 at $20.10.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 10.1%
- Fell by 80 basis points.
- Expected to finish 2018 at.
RENT
Distribution / Warehousing
Average Asking Rent $4.47
- Up 1.4% from Q2 2018.
- Fastest rate of increase in five quarters.
- Expected to finish 2018 at.