May 8, 2013
There are good reasons why developers have avoided new commercial real estate projects in Las Vegas. Vacancy rates are sky high, rents are basement low, and it?s anyone?s guess whether the market will fully recover from the building bust. But one area of real estate is seeing a burst of activity, though some analysts question how long it will last. At least 910,000 square feet of industrial space is being built in the valley, with more in the pipeline.
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