Just Released.
Published by NAI Excel and NAI Vegas, the 2021 Midyear Review provides valuable insights regarding the most important commercial real estate trends in Las Vegas, Southern Utah, and Northern Utah. The report analyzes market vacancy, lease rates, and construction data for office, retail, industrial, and multifamily properties. Distributed to over 120,000 real estate decision makers, this publication marks the 28th issue published over fifteen years. It showcases NAI Excel and NAI Vegas’ continuous commitment to its clients by delivering the highest quality research.
The publication explains commercial real estate “prices increased resulting from a combination of low interest rates, federal government economic stimulus and population relocating from major urban centers to smaller markets including Las Vegas, Southern Utah, and the Wasatch Front”.
Additional commercial real estate trends are lower CAP rates, higher occupancy rates, and increasing lease rates. Jon Walter, COO of NAI Excel and NAI Vegas explains “market conditions will be further influenced by the development of public infrastructure, the cost and availability of labor, and future tax and spending bills”. As you navigate shifting real estate market conditions, we look forward to being a resource in accomplishing your business and investment objectives.
