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		<title>Q4 2025 Industrial Tenant Perspective</title>
		<link>https://excelcres.com/research/q4-2025-industrial-tenant-perspective/</link>
		
		<dc:creator><![CDATA[Kayson Langford]]></dc:creator>
		<pubDate>Mon, 02 Feb 2026 21:52:28 +0000</pubDate>
				<category><![CDATA[Research]]></category>
		<category><![CDATA[NAI Excel]]></category>
		<category><![CDATA[research]]></category>
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		<category><![CDATA[St. George Commercial Real Estate]]></category>
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		<guid isPermaLink="false">https://excelcres.com/?p=801110</guid>

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				</div></div></div></div></div></div></div></div></div></div></div></div></div><span class="btn-container btn-block" ><a role="button"  href="https://excelcres.com/wp-content/uploads/2026/02/Q4-Tenant-Report-2025.pdf" class="custom-link btn border-width-0 buttonborder btn-color-676399 btn-block btn-icon-left" target="_blank">Download PDF</a></span></div></div></div></div></div><script id="script-row-unique-0" data-row="script-row-unique-0" type="text/javascript" class="vc_controls">UNCODE.initRow(document.getElementById("row-unique-0"));</script></div></div></div><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-1"><div class="row limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="empty-space empty-half" ><span class="empty-space-inner"></span></div>
<div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/eric-larkin-2/" title="Eric Larkin"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-75474" src="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg" width="2560" height="2560" alt="Eric Larkin real estate headshot" srcset="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg 2560w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-780x780.jpg 780w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-2048x2048.jpg 2048w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-1536x1536.jpg 1536w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-348x348.jpg 348w" sizes="(max-width: 2560px) 100vw, 2560px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/eric-larkin-2/">Eric Larkin, MBA, CCIM, SIOR</a></h2>
<p>Mr. Larkin joined NAI Vegas in 2013 with 7 years of experience coming from a regional brokerage firm specializing in representing institution landlords, REITs, insurance companies, lenders, receivers, and developers. Mr. Larkin’s extensive knowledge and understanding of investment analysis, property valuations, and lease negotiations has resulted in the completion of over 100 million dollars in transactions including leases, REO and distressed debt sales, trustee sales, and short sales.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/michael-kenny/" title="Michael Kenny"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-54318" src="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg" width="274" height="274" alt="Michael Kenny - commercial real estate agent" srcset="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg 274w, https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square-150x150.jpg 150w" sizes="(max-width: 274px) 100vw, 274px" /></div>
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<h2><a href="https://excelcres.com/our-team/michael-kenny/">Michael Kenny, SIOR</a></h2>
<p>Michael is well versed in Real Estate and brings a unique background of finance and civil construction to his clients along with proven results and an unrivaled level of service. He works diligently with his clients to identify every opportunity, add value, and continually cultivates each relationship to help achieve their goals.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/leslie-houston/" title="Leslie Houston"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-456689" src="https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web.jpg" width="1800" height="1800" alt="" srcset="https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web.jpg 1800w, https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web-780x780.jpg 780w, https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web-1536x1536.jpg 1536w, https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web-348x348.jpg 348w" sizes="(max-width: 1800px) 100vw, 1800px" /></div>
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<h2><a href="https://excelcres.com/our-team/leslie-houston/">Leslie Houston, SIOR</a></h2>
<p>Leslie Houston joined NAI in 2018 after seven years of experience with a third party commercial real estate database, formerly known as one of the Top 2 commercial real estate information providers.  Leslie came to Vegas with an extensive real estate network from coast to coast.  She possesses a very unique subset of skills which includes all property types, all listing types, analytics, and research.  Coaching, supervision, and customer service have been major components throughout Leslie’s career and are proving to directly relate to her new role within the Larkin Industrial Group.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/las-vegas-nevada/team/seth-wright-2/" title="Seth Wright"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-736108" src="https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright.jpg" width="600" height="600" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright.jpg 600w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-348x348.jpg 348w" sizes="(max-width: 600px) 100vw, 600px" /></div>
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<h2><a href="https://excelcres.com/our-team/las-vegas-nevada/team/seth-wright-2/">Seth Wright</a></h2>
<p>Seth joined NAI Excel in 2024 after graduating from UNLV’s Lee Business School with a Bachelor of Science in Business Administration and an emphasis in Real Estate. He joined NAI Excel as part of the Larkin Industrial Group where he will help support the team in providing top-level advisory services to industrial occupiers throughout Southern Nevada.</p>
<p>Seth maintains strong roots to Orange County, CA where he was raised and has family. Outside of work, Seth enjoys fitness and exploring the outdoors.</p>
</div></div></div></div></div></div></div></div></div><div class="uncode_text_column" ><p><strong><span class="s3">About NAI Excel</span></strong></p>
<p><span class="s4">N</span><span class="s4">AI Excel </span><span class="s4">is a leading</span><span class="s4"> provider of commercial Real Estate Services</span><span class="s4"> in the US</span><span class="s4">. Operating </span><span class="s4">in</span><span class="s4"> Utah, </span><span class="s4">Nevada, </span><span class="s4">Texas, and Idaho, </span><span class="s4">they </span><span class="s4">are part of the NAI Global network covering nearly every major market nationally and across the globe. </span><span class="s4">NAI Excel </span><span class="s4">is a</span> <span class="s4">subsidiary of Brokers Holdings</span><span class="s4">, LLC</span><span class="s4">. Headquartered in St George, UT since 1982, </span><span class="s4">Brokers Holdings owns and operates both residential and commercial brokerages</span><span class="s4">. </span><span class="s4">With over 800 agents and staff, Brokers Holdings closes over 5,500 transactions worth more than $2 billion in value each year and manages over $1 billion in assets.</span></p>
<p><strong><span class="s3">About NAI Global</span></strong></p>
<p><span class="s4">NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, </span><span class="s4">Africa</span><span class="s4"> and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes </span><span class="s4">in excess of</span><span class="s4"> $20 billion in commercial real estate transactions throughout the world.</span></p>
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			</item>
		<item>
		<title>Q3 2025 Industrial Tenant Perspective</title>
		<link>https://excelcres.com/research/q3-2025-industrial-tenant-perspective/</link>
		
		<dc:creator><![CDATA[Kayson Langford]]></dc:creator>
		<pubDate>Fri, 31 Oct 2025 20:25:40 +0000</pubDate>
				<category><![CDATA[Research]]></category>
		<category><![CDATA[NAI Excel]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[RV Park]]></category>
		<category><![CDATA[St. George Commercial Real Estate]]></category>
		<category><![CDATA[washington county]]></category>
		<guid isPermaLink="false">https://excelcres.com/?p=789695</guid>

					<description><![CDATA[]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-3"><div class="row double-top-padding no-bottom-padding single-h-padding limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_center column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-789696" src="https://excelcres.com/wp-content/uploads/2025/10/Q3-Tenant-Report-2025-1.jpg" width="800" height="1005" alt="" srcset="https://excelcres.com/wp-content/uploads/2025/10/Q3-Tenant-Report-2025-1.jpg 800w, https://excelcres.com/wp-content/uploads/2025/10/Q3-Tenant-Report-2025-1-621x780.jpg 621w, https://excelcres.com/wp-content/uploads/2025/10/Q3-Tenant-Report-2025-1-119x150.jpg 119w, https://excelcres.com/wp-content/uploads/2025/10/Q3-Tenant-Report-2025-1-350x440.jpg 350w" sizes="(max-width: 800px) 100vw, 800px" /></div>
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				</div></div></div></div></div></div></div></div></div></div></div></div></div><span class="btn-container btn-block" ><a role="button"  href="https://excelcres.com/wp-content/uploads/2025/10/Q3-Tenant-Report-2025.pdf" class="custom-link btn border-width-0 buttonborder btn-color-676399 btn-block btn-icon-left" target="_blank">Download PDF</a></span></div></div></div></div></div><script id="script-row-unique-3" data-row="script-row-unique-3" type="text/javascript" class="vc_controls">UNCODE.initRow(document.getElementById("row-unique-3"));</script></div></div></div><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-4"><div class="row limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="empty-space empty-half" ><span class="empty-space-inner"></span></div>
<div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/eric-larkin-2/" title="Eric Larkin"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-75474" src="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg" width="2560" height="2560" alt="Eric Larkin real estate headshot" srcset="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg 2560w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-780x780.jpg 780w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-2048x2048.jpg 2048w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-1536x1536.jpg 1536w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-348x348.jpg 348w" sizes="(max-width: 2560px) 100vw, 2560px" /></div>
					</div>
				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/eric-larkin-2/">Eric Larkin, MBA, CCIM, SIOR</a></h2>
<p>Mr. Larkin joined NAI Vegas in 2013 with 7 years of experience coming from a regional brokerage firm specializing in representing institution landlords, REITs, insurance companies, lenders, receivers, and developers. Mr. Larkin’s extensive knowledge and understanding of investment analysis, property valuations, and lease negotiations has resulted in the completion of over 100 million dollars in transactions including leases, REO and distressed debt sales, trustee sales, and short sales.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/michael-kenny/" title="Michael Kenny"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-54318" src="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg" width="274" height="274" alt="Michael Kenny - commercial real estate agent" srcset="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg 274w, https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square-150x150.jpg 150w" sizes="(max-width: 274px) 100vw, 274px" /></div>
					</div>
				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/michael-kenny/">Michael Kenny, SIOR</a></h2>
<p>Michael is well versed in Real Estate and brings a unique background of finance and civil construction to his clients along with proven results and an unrivaled level of service. He works diligently with his clients to identify every opportunity, add value, and continually cultivates each relationship to help achieve their goals.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/leslie-houston/" title="Leslie Houston"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-456689" src="https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web.jpg" width="1800" height="1800" alt="" srcset="https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web.jpg 1800w, https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web-780x780.jpg 780w, https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web-1536x1536.jpg 1536w, https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2023/08/Leslie-Houston_Web-348x348.jpg 348w" sizes="(max-width: 1800px) 100vw, 1800px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/leslie-houston/">Leslie Houston, SIOR</a></h2>
<p>Leslie Houston joined NAI in 2018 after seven years of experience with a third party commercial real estate database, formerly known as one of the Top 2 commercial real estate information providers.  Leslie came to Vegas with an extensive real estate network from coast to coast.  She possesses a very unique subset of skills which includes all property types, all listing types, analytics, and research.  Coaching, supervision, and customer service have been major components throughout Leslie’s career and are proving to directly relate to her new role within the Larkin Industrial Group.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/las-vegas-nevada/team/seth-wright-2/" title="Seth Wright"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-736108" src="https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright.jpg" width="600" height="600" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright.jpg 600w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-348x348.jpg 348w" sizes="(max-width: 600px) 100vw, 600px" /></div>
					</div>
				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/las-vegas-nevada/team/seth-wright-2/">Seth Wright</a></h2>
<p>Seth joined NAI Excel in 2024 after graduating from UNLV’s Lee Business School with a Bachelor of Science in Business Administration and an emphasis in Real Estate. He joined NAI Excel as part of the Larkin Industrial Group where he will help support the team in providing top-level advisory services to industrial occupiers throughout Southern Nevada.</p>
<p>Seth maintains strong roots to Orange County, CA where he was raised and has family. Outside of work, Seth enjoys fitness and exploring the outdoors.</p>
</div></div></div></div></div></div></div></div></div><div class="uncode_text_column" ><p><strong><span class="s3">About NAI Excel</span></strong></p>
<p><span class="s4">N</span><span class="s4">AI Excel </span><span class="s4">is a leading</span><span class="s4"> provider of commercial Real Estate Services</span><span class="s4"> in the US</span><span class="s4">. Operating </span><span class="s4">in</span><span class="s4"> Utah, </span><span class="s4">Nevada, </span><span class="s4">Texas, and Idaho, </span><span class="s4">they </span><span class="s4">are part of the NAI Global network covering nearly every major market nationally and across the globe. </span><span class="s4">NAI Excel </span><span class="s4">is a</span> <span class="s4">subsidiary of Brokers Holdings</span><span class="s4">, LLC</span><span class="s4">. Headquartered in St George, UT since 1982, </span><span class="s4">Brokers Holdings owns and operates both residential and commercial brokerages</span><span class="s4">. </span><span class="s4">With over 800 agents and staff, Brokers Holdings closes over 5,500 transactions worth more than $2 billion in value each year and manages over $1 billion in assets.</span></p>
<p><strong><span class="s3">About NAI Global</span></strong></p>
<p><span class="s4">NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, </span><span class="s4">Africa</span><span class="s4"> and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes </span><span class="s4">in excess of</span><span class="s4"> $20 billion in commercial real estate transactions throughout the world.</span></p>
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		<item>
		<title>Q2 2025 Industrial Tenant Perspective</title>
		<link>https://excelcres.com/research/q2-2025-industrial-tenant-perspective-2/</link>
		
		<dc:creator><![CDATA[Justin Wells]]></dc:creator>
		<pubDate>Thu, 31 Jul 2025 21:35:27 +0000</pubDate>
				<category><![CDATA[Research]]></category>
		<category><![CDATA[NAI Excel]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[RV Park]]></category>
		<category><![CDATA[St. George Commercial Real Estate]]></category>
		<category><![CDATA[washington county]]></category>
		<guid isPermaLink="false">https://excelcres.com/?p=768719</guid>

					<description><![CDATA[]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-6"><div class="row double-top-padding no-bottom-padding single-h-padding limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_center column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-768720" src="https://excelcres.com/wp-content/uploads/2025/07/Q2-Tenant-Report-2025-dragged-scaled.png" width="1978" height="2560" alt="" srcset="https://excelcres.com/wp-content/uploads/2025/07/Q2-Tenant-Report-2025-dragged-scaled.png 1978w, https://excelcres.com/wp-content/uploads/2025/07/Q2-Tenant-Report-2025-dragged-603x780.png 603w, https://excelcres.com/wp-content/uploads/2025/07/Q2-Tenant-Report-2025-dragged-1583x2048.png 1583w, https://excelcres.com/wp-content/uploads/2025/07/Q2-Tenant-Report-2025-dragged-116x150.png 116w, https://excelcres.com/wp-content/uploads/2025/07/Q2-Tenant-Report-2025-dragged-1187x1536.png 1187w, https://excelcres.com/wp-content/uploads/2025/07/Q2-Tenant-Report-2025-dragged-350x453.png 350w" sizes="(max-width: 1978px) 100vw, 1978px" /></div>
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				</div></div></div></div></div></div></div></div></div></div></div></div></div><span class="btn-container btn-block" ><a role="button"  href="https://excelcres.com/wp-content/uploads/2025/07/Q2-Tenant-Report-2025.pdf" class="custom-link btn border-width-0 buttonborder btn-color-676399 btn-block btn-icon-left" target="_blank">Download PDF</a></span></div></div></div></div></div><script id="script-row-unique-6" data-row="script-row-unique-6" type="text/javascript" class="vc_controls">UNCODE.initRow(document.getElementById("row-unique-6"));</script></div></div></div><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-7"><div class="row limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="empty-space empty-half" ><span class="empty-space-inner"></span></div>
<div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/eric-larkin-2/" title="Eric Larkin"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-75474" src="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg" width="2560" height="2560" alt="Eric Larkin real estate headshot" srcset="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg 2560w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-780x780.jpg 780w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-2048x2048.jpg 2048w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-1536x1536.jpg 1536w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-348x348.jpg 348w" sizes="(max-width: 2560px) 100vw, 2560px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/eric-larkin-2/">Eric Larkin</a></h2>
<p>Mr. Larkin joined NAI Vegas in 2013 with 7 years of experience coming from a regional brokerage firm specializing in representing institution landlords, REITs, insurance companies, lenders, receivers, and developers. Mr. Larkin’s extensive knowledge and understanding of investment analysis, property valuations, and lease negotiations has resulted in the completion of over 100 million dollars in transactions including leases, REO and distressed debt sales, trustee sales, and short sales.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/michael-kenny/" title="Michael Kenny"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-54318" src="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg" width="274" height="274" alt="Michael Kenny - commercial real estate agent" srcset="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg 274w, https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square-150x150.jpg 150w" sizes="(max-width: 274px) 100vw, 274px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/michael-kenny/">Michael Kenny</a></h2>
<p>Michael is well versed in Real Estate and brings a unique background of finance and civil construction to his clients along with proven results and an unrivaled level of service. He works diligently with his clients to identify every opportunity, add value, and continually cultivates each relationship to help achieve their goals.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/leslie-houston/" title="Leslie Houston"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-73594" src="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg" width="1500" height="1500" alt="Leslie Houston - Commercial real estate agent in Las Vegas" srcset="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg 1500w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-300x300.jpg 300w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-1024x1024.jpg 1024w" sizes="(max-width: 1500px) 100vw, 1500px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/leslie-houston/">Leslie Houston</a></h2>
<p>Leslie Houston joined NAI in 2018 after seven years of experience with a third party commercial real estate database, formerly known as one of the Top 2 commercial real estate information providers.  Leslie came to Vegas with an extensive real estate network from coast to coast.  She possesses a very unique subset of skills which includes all property types, all listing types, analytics, and research.  Coaching, supervision, and customer service have been major components throughout Leslie’s career and are proving to directly relate to her new role within the Larkin Industrial Group.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/las-vegas-nevada/team/zach-mcclenahan-2/" title="Zach McClenahan"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-734722" src="https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan.jpg" width="600" height="600" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan.jpg 600w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-348x348.jpg 348w" sizes="(max-width: 600px) 100vw, 600px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/las-vegas-nevada/team/zach-mcclenahan-2/">Zach M. McClenahan</a></h2>
<p>Zach is a Las Vegas native ad second-generation Commercial Real Estate professional. He joined the Larkin Industrial Group in 2021 while completing his bachelor’s degree in finance at the University of Nevada, Las Vegas. Zach has played competitive hockey in Tier-1 Elite Leagues and is just as competitive on the golf course. When not utilizing his attention to detail towards studies or Industrial Real Estate brokerage support, he often serves for local volunteer organizations such as Three Square.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/las-vegas-nevada/team/seth-wright-2/" title="Seth Wright"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-736108" src="https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright.jpg" width="600" height="600" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright.jpg 600w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-348x348.jpg 348w" sizes="(max-width: 600px) 100vw, 600px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/las-vegas-nevada/team/seth-wright-2/">Seth Wright</a></h2>
<p>Seth joined NAI Excel in 2024 after graduating from UNLV’s Lee Business School with a Bachelor of Science in Business Administration and an emphasis in Real Estate. He joined NAI Excel as part of the Larkin Industrial Group where he will help support the team in providing top-level advisory services to industrial occupiers throughout Southern Nevada.</p>
<p>Seth maintains strong roots to Orange County, CA where he was raised and has family. Outside of work, Seth enjoys fitness and exploring the outdoors.</p>
</div></div></div></div></div></div></div></div></div><div class="uncode_text_column" ><p><strong><span class="s3">About NAI Excel</span></strong></p>
<p><span class="s4">N</span><span class="s4">AI Excel </span><span class="s4">is a leading</span><span class="s4"> provider of commercial Real Estate Services</span><span class="s4"> in the US</span><span class="s4">. Operating </span><span class="s4">in</span><span class="s4"> Utah, </span><span class="s4">Nevada, </span><span class="s4">Texas, and Idaho, </span><span class="s4">they </span><span class="s4">are part of the NAI Global network covering nearly every major market nationally and across the globe. </span><span class="s4">NAI Excel </span><span class="s4">is a</span> <span class="s4">subsidiary of Brokers Holdings</span><span class="s4">, LLC</span><span class="s4">. Headquartered in St George, UT since 1982, </span><span class="s4">Brokers Holdings owns and operates both residential and commercial brokerages</span><span class="s4">. </span><span class="s4">With over 800 agents and staff, Brokers Holdings closes over 5,500 transactions worth more than $2 billion in value each year and manages over $1 billion in assets.</span></p>
<p><strong><span class="s3">About NAI Global</span></strong></p>
<p><span class="s4">NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, </span><span class="s4">Africa</span><span class="s4"> and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes </span><span class="s4">in excess of</span><span class="s4"> $20 billion in commercial real estate transactions throughout the world.</span></p>
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		<title>Q1 2025 Industrial Tenant Perspective</title>
		<link>https://excelcres.com/research/q1-2025-industrial-tenant-perspective/</link>
		
		<dc:creator><![CDATA[Justin Wells]]></dc:creator>
		<pubDate>Fri, 02 May 2025 18:33:34 +0000</pubDate>
				<category><![CDATA[Research]]></category>
		<category><![CDATA[NAI Excel]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[RV Park]]></category>
		<category><![CDATA[St. George Commercial Real Estate]]></category>
		<category><![CDATA[washington county]]></category>
		<guid isPermaLink="false">https://excelcres.com/?p=762820</guid>

					<description><![CDATA[]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-9"><div class="row double-top-padding no-bottom-padding single-h-padding limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_center column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-762821" src="https://excelcres.com/wp-content/uploads/2025/05/Q1-Tenant-Report-2025-dragged.png" width="1275" height="1650" alt="" srcset="https://excelcres.com/wp-content/uploads/2025/05/Q1-Tenant-Report-2025-dragged.png 1275w, https://excelcres.com/wp-content/uploads/2025/05/Q1-Tenant-Report-2025-dragged-603x780.png 603w, https://excelcres.com/wp-content/uploads/2025/05/Q1-Tenant-Report-2025-dragged-116x150.png 116w, https://excelcres.com/wp-content/uploads/2025/05/Q1-Tenant-Report-2025-dragged-1187x1536.png 1187w, https://excelcres.com/wp-content/uploads/2025/05/Q1-Tenant-Report-2025-dragged-350x453.png 350w" sizes="(max-width: 1275px) 100vw, 1275px" /></div>
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				</div></div></div></div></div></div></div></div></div></div></div></div></div><span class="btn-container btn-block" ><a role="button"  href="https://excelcres.com/wp-content/uploads/2024/11/Q3-Tenant-Report-2024.pdf" class="custom-link btn border-width-0 buttonborder btn-color-676399 btn-block btn-icon-left" target="_blank">Download PDF</a></span></div></div></div></div></div><script id="script-row-unique-9" data-row="script-row-unique-9" type="text/javascript" class="vc_controls">UNCODE.initRow(document.getElementById("row-unique-9"));</script></div></div></div><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-10"><div class="row limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="empty-space empty-half" ><span class="empty-space-inner"></span></div>
<div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/eric-larkin-2/" title="Eric Larkin"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-75474" src="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg" width="2560" height="2560" alt="Eric Larkin real estate headshot" srcset="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg 2560w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-780x780.jpg 780w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-2048x2048.jpg 2048w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-1536x1536.jpg 1536w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-348x348.jpg 348w" sizes="(max-width: 2560px) 100vw, 2560px" /></div>
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<h2><a href="https://excelcres.com/our-team/eric-larkin-2/">Eric Larkin</a></h2>
<p>Mr. Larkin joined NAI Vegas in 2013 with 7 years of experience coming from a regional brokerage firm specializing in representing institution landlords, REITs, insurance companies, lenders, receivers, and developers. Mr. Larkin’s extensive knowledge and understanding of investment analysis, property valuations, and lease negotiations has resulted in the completion of over 100 million dollars in transactions including leases, REO and distressed debt sales, trustee sales, and short sales.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/michael-kenny/" title="Michael Kenny"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-54318" src="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg" width="274" height="274" alt="Michael Kenny - commercial real estate agent" srcset="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg 274w, https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square-150x150.jpg 150w" sizes="(max-width: 274px) 100vw, 274px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/michael-kenny/">Michael Kenny</a></h2>
<p>Michael is well versed in Real Estate and brings a unique background of finance and civil construction to his clients along with proven results and an unrivaled level of service. He works diligently with his clients to identify every opportunity, add value, and continually cultivates each relationship to help achieve their goals.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/leslie-houston/" title="Leslie Houston"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-73594" src="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg" width="1500" height="1500" alt="Leslie Houston - Commercial real estate agent in Las Vegas" srcset="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg 1500w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-300x300.jpg 300w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-1024x1024.jpg 1024w" sizes="(max-width: 1500px) 100vw, 1500px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/leslie-houston/">Leslie Houston</a></h2>
<p>Leslie Houston joined NAI in 2018 after seven years of experience with a third party commercial real estate database, formerly known as one of the Top 2 commercial real estate information providers.  Leslie came to Vegas with an extensive real estate network from coast to coast.  She possesses a very unique subset of skills which includes all property types, all listing types, analytics, and research.  Coaching, supervision, and customer service have been major components throughout Leslie’s career and are proving to directly relate to her new role within the Larkin Industrial Group.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/las-vegas-nevada/team/zach-mcclenahan-2/" title="Zach McClenahan"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-734722" src="https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan.jpg" width="600" height="600" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan.jpg 600w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-348x348.jpg 348w" sizes="(max-width: 600px) 100vw, 600px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/las-vegas-nevada/team/zach-mcclenahan-2/">Zach M. McClenahan</a></h2>
<p>Zach is a Las Vegas native ad second-generation Commercial Real Estate professional. He joined the Larkin Industrial Group in 2021 while completing his bachelor’s degree in finance at the University of Nevada, Las Vegas. Zach has played competitive hockey in Tier-1 Elite Leagues and is just as competitive on the golf course. When not utilizing his attention to detail towards studies or Industrial Real Estate brokerage support, he often serves for local volunteer organizations such as Three Square.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/las-vegas-nevada/team/seth-wright-2/" title="Seth Wright"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-736108" src="https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright.jpg" width="600" height="600" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright.jpg 600w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-348x348.jpg 348w" sizes="(max-width: 600px) 100vw, 600px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/las-vegas-nevada/team/seth-wright-2/">Seth Wright</a></h2>
<p>Seth joined NAI Excel in 2024 after graduating from UNLV’s Lee Business School with a Bachelor of Science in Business Administration and an emphasis in Real Estate. He joined NAI Excel as part of the Larkin Industrial Group where he will help support the team in providing top-level advisory services to industrial occupiers throughout Southern Nevada.</p>
<p>Seth maintains strong roots to Orange County, CA where he was raised and has family. Outside of work, Seth enjoys fitness and exploring the outdoors.</p>
</div></div></div></div></div></div></div></div></div><div class="uncode_text_column" ><p><strong><span class="s3">About NAI Excel</span></strong></p>
<p><span class="s4">N</span><span class="s4">AI Excel </span><span class="s4">is a leading</span><span class="s4"> provider of commercial Real Estate Services</span><span class="s4"> in the US</span><span class="s4">. Operating </span><span class="s4">in</span><span class="s4"> Utah, </span><span class="s4">Nevada, </span><span class="s4">Texas, and Idaho, </span><span class="s4">they </span><span class="s4">are part of the NAI Global network covering nearly every major market nationally and across the globe. </span><span class="s4">NAI Excel </span><span class="s4">is a</span> <span class="s4">subsidiary of Brokers Holdings</span><span class="s4">, LLC</span><span class="s4">. Headquartered in St George, UT since 1982, </span><span class="s4">Brokers Holdings owns and operates both residential and commercial brokerages</span><span class="s4">. </span><span class="s4">With over 800 agents and staff, Brokers Holdings closes over 5,500 transactions worth more than $2 billion in value each year and manages over $1 billion in assets.</span></p>
<p><strong><span class="s3">About NAI Global</span></strong></p>
<p><span class="s4">NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, </span><span class="s4">Africa</span><span class="s4"> and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes </span><span class="s4">in excess of</span><span class="s4"> $20 billion in commercial real estate transactions throughout the world.</span></p>
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		<title>Q4 2024 Industrial Tenant Perspective</title>
		<link>https://excelcres.com/research/q4-2024-industrial-tenant-perspective/</link>
		
		<dc:creator><![CDATA[Justin Wells]]></dc:creator>
		<pubDate>Thu, 30 Jan 2025 20:01:10 +0000</pubDate>
				<category><![CDATA[Research]]></category>
		<category><![CDATA[NAI Excel]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[RV Park]]></category>
		<category><![CDATA[St. George Commercial Real Estate]]></category>
		<category><![CDATA[washington county]]></category>
		<guid isPermaLink="false">https://excelcres.com/?p=757967</guid>

					<description><![CDATA[]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-12"><div class="row double-top-padding no-bottom-padding single-h-padding limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_center column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-757973" src="https://excelcres.com/wp-content/uploads/2025/01/Q4-Tenant-Report-2024-dragged.png" width="1275" height="1650" alt="" srcset="https://excelcres.com/wp-content/uploads/2025/01/Q4-Tenant-Report-2024-dragged.png 1275w, https://excelcres.com/wp-content/uploads/2025/01/Q4-Tenant-Report-2024-dragged-603x780.png 603w, https://excelcres.com/wp-content/uploads/2025/01/Q4-Tenant-Report-2024-dragged-116x150.png 116w, https://excelcres.com/wp-content/uploads/2025/01/Q4-Tenant-Report-2024-dragged-1187x1536.png 1187w, https://excelcres.com/wp-content/uploads/2025/01/Q4-Tenant-Report-2024-dragged-350x453.png 350w" sizes="(max-width: 1275px) 100vw, 1275px" /></div>
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				</div></div></div></div></div></div></div></div></div></div></div></div></div><span class="btn-container btn-block" ><a role="button"  href="https://excelcres.com/wp-content/uploads/2024/11/Q3-Tenant-Report-2024.pdf" class="custom-link btn border-width-0 buttonborder btn-color-676399 btn-block btn-icon-left" target="_blank">Download PDF</a></span></div></div></div></div></div><script id="script-row-unique-12" data-row="script-row-unique-12" type="text/javascript" class="vc_controls">UNCODE.initRow(document.getElementById("row-unique-12"));</script></div></div></div><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-13"><div class="row limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="empty-space empty-half" ><span class="empty-space-inner"></span></div>
<div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/eric-larkin-2/" title="Eric Larkin"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-75474" src="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg" width="2560" height="2560" alt="Eric Larkin real estate headshot" srcset="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg 2560w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-780x780.jpg 780w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-2048x2048.jpg 2048w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-1536x1536.jpg 1536w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-348x348.jpg 348w" sizes="(max-width: 2560px) 100vw, 2560px" /></div>
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<h2><a href="https://excelcres.com/our-team/eric-larkin-2/">Eric Larkin</a></h2>
<p>Mr. Larkin joined NAI Vegas in 2013 with 7 years of experience coming from a regional brokerage firm specializing in representing institution landlords, REITs, insurance companies, lenders, receivers, and developers. Mr. Larkin’s extensive knowledge and understanding of investment analysis, property valuations, and lease negotiations has resulted in the completion of over 100 million dollars in transactions including leases, REO and distressed debt sales, trustee sales, and short sales.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/michael-kenny/" title="Michael Kenny"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-54318" src="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg" width="274" height="274" alt="Michael Kenny - commercial real estate agent" srcset="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg 274w, https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square-150x150.jpg 150w" sizes="(max-width: 274px) 100vw, 274px" /></div>
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<h2><a href="https://excelcres.com/our-team/michael-kenny/">Michael Kenny</a></h2>
<p>Michael is well versed in Real Estate and brings a unique background of finance and civil construction to his clients along with proven results and an unrivaled level of service. He works diligently with his clients to identify every opportunity, add value, and continually cultivates each relationship to help achieve their goals.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/leslie-houston/" title="Leslie Houston"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-73594" src="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg" width="1500" height="1500" alt="Leslie Houston - Commercial real estate agent in Las Vegas" srcset="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg 1500w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-300x300.jpg 300w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-1024x1024.jpg 1024w" sizes="(max-width: 1500px) 100vw, 1500px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/leslie-houston/">Leslie Houston</a></h2>
<p>Leslie Houston joined NAI in 2018 after seven years of experience with a third party commercial real estate database, formerly known as one of the Top 2 commercial real estate information providers.  Leslie came to Vegas with an extensive real estate network from coast to coast.  She possesses a very unique subset of skills which includes all property types, all listing types, analytics, and research.  Coaching, supervision, and customer service have been major components throughout Leslie’s career and are proving to directly relate to her new role within the Larkin Industrial Group.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/las-vegas-nevada/team/zach-mcclenahan-2/" title="Zach McClenahan"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-734722" src="https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan.jpg" width="600" height="600" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan.jpg 600w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-348x348.jpg 348w" sizes="(max-width: 600px) 100vw, 600px" /></div>
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<h2><a href="https://excelcres.com/our-team/las-vegas-nevada/team/zach-mcclenahan-2/">Zach M. McClenahan</a></h2>
<p>Zach is a Las Vegas native ad second-generation Commercial Real Estate professional. He joined the Larkin Industrial Group in 2021 while completing his bachelor’s degree in finance at the University of Nevada, Las Vegas. Zach has played competitive hockey in Tier-1 Elite Leagues and is just as competitive on the golf course. When not utilizing his attention to detail towards studies or Industrial Real Estate brokerage support, he often serves for local volunteer organizations such as Three Square.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/las-vegas-nevada/team/seth-wright-2/" title="Seth Wright"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-736108" src="https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright.jpg" width="600" height="600" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright.jpg 600w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-348x348.jpg 348w" sizes="(max-width: 600px) 100vw, 600px" /></div>
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<h2><a href="https://excelcres.com/our-team/las-vegas-nevada/team/seth-wright-2/">Seth Wright</a></h2>
<p>Seth joined NAI Excel in 2024 after graduating from UNLV’s Lee Business School with a Bachelor of Science in Business Administration and an emphasis in Real Estate. He joined NAI Excel as part of the Larkin Industrial Group where he will help support the team in providing top-level advisory services to industrial occupiers throughout Southern Nevada.</p>
<p>Seth maintains strong roots to Orange County, CA where he was raised and has family. Outside of work, Seth enjoys fitness and exploring the outdoors.</p>
</div></div></div></div></div></div></div></div></div><div class="uncode_text_column" ><p><strong><span class="s3">About NAI Excel</span></strong></p>
<p><span class="s4">N</span><span class="s4">AI Excel </span><span class="s4">is a leading</span><span class="s4"> provider of commercial Real Estate Services</span><span class="s4"> in the US</span><span class="s4">. Operating </span><span class="s4">in</span><span class="s4"> Utah, </span><span class="s4">Nevada, </span><span class="s4">Texas, and Idaho, </span><span class="s4">they </span><span class="s4">are part of the NAI Global network covering nearly every major market nationally and across the globe. </span><span class="s4">NAI Excel </span><span class="s4">is a</span> <span class="s4">subsidiary of Brokers Holdings</span><span class="s4">, LLC</span><span class="s4">. Headquartered in St George, UT since 1982, </span><span class="s4">Brokers Holdings owns and operates both residential and commercial brokerages</span><span class="s4">. </span><span class="s4">With over 800 agents and staff, Brokers Holdings closes over 5,500 transactions worth more than $2 billion in value each year and manages over $1 billion in assets.</span></p>
<p><strong><span class="s3">About NAI Global</span></strong></p>
<p><span class="s4">NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, </span><span class="s4">Africa</span><span class="s4"> and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes </span><span class="s4">in excess of</span><span class="s4"> $20 billion in commercial real estate transactions throughout the world.</span></p>
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		<title>Q3 2024 Industrial Tenant Perspective</title>
		<link>https://excelcres.com/research/q3-2024-industrial-tenant-perspective/</link>
		
		<dc:creator><![CDATA[NAI]]></dc:creator>
		<pubDate>Fri, 01 Nov 2024 22:06:31 +0000</pubDate>
				<category><![CDATA[Research]]></category>
		<category><![CDATA[NAI Excel]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[RV Park]]></category>
		<category><![CDATA[St. George Commercial Real Estate]]></category>
		<category><![CDATA[washington county]]></category>
		<guid isPermaLink="false">https://excelcres.com/?p=739691</guid>

					<description><![CDATA[]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-15"><div class="row double-top-padding no-bottom-padding single-h-padding limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-736363" src="https://excelcres.com/wp-content/uploads/2024/08/Larkin-Group-Header.png" width="1864" height="244" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/08/Larkin-Group-Header.png 1864w, https://excelcres.com/wp-content/uploads/2024/08/Larkin-Group-Header-780x102.png 780w, https://excelcres.com/wp-content/uploads/2024/08/Larkin-Group-Header-150x20.png 150w, https://excelcres.com/wp-content/uploads/2024/08/Larkin-Group-Header-1536x201.png 1536w, https://excelcres.com/wp-content/uploads/2024/08/Larkin-Group-Header-350x46.png 350w" sizes="(max-width: 1864px) 100vw, 1864px" /></div>
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				</div></div></div></div></div><div class="vc_row vc_custom_1627670803273 row-internal row-container boomapps_vcrow" style="margin-bottom: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627418472181 boomapps_vccolumn single-block-padding style-color-498205-bg" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Q3 2024 Comments</h2>
<p>
</div><div class="clear"></div></div></div></div></div></div></div></div></div></div><div class="vc_row style-color-498205-bg vc_custom_1627670909554 row-internal row-container boomapps_vcrow" style="margin-top: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627670997205 boomapps_vccolumn no-block-padding" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="uncode_text_column" ><p>As we roll into the fourth quarter, the industrial real estate market in Las Vegas is like a seasoned poker player—calm, collected, and not in a rush to make bold moves. While the strip sizzles with tourist traffic, the industrial sector shows poise as tenant activity in the 50,000 to 150,000 square-foot range is steady against the backdrop of 20+ options in the North Las Vegas submarket. It’s a quiet methodical game, with landlords opting to throw in concessions</p>
</div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ><p>like tenant improvement allowances and free rent rather than lower rates. You could say the market’s holding its cards, waiting for the river card, with no one folding yet. Rental rates are steady, and vacancies have ticked up to 8.6%, which hardly causes alarm. All is healthy around the valley, apart from the North Las Vegas distribution challenges. This isn’t a market looking for a hot streak—just keeping pace as expected.</p>
</div></div></div></div></div></div></div></div></div>
	<div class="wpb_raw_code wpb_raw_html  multifamilytable" >
		<div class="wpb_wrapper">
			<table style="width:100%; border:none;">
  <tr>
    <th>Submarket</th>
    <th>Standing Inventory</th> 
    <th>Under Construction</th>
    <th>Under Construction Available</th>
    <th>Under Construction Pre-Leased</th>
    <th>Planned</th>
  </tr>
  <tr>
    <td>North</td>
    <td>6,619,673</td>
    <td>10,922,893</td>
    <td>8,697,481</td>
    <td>2,225,412</td>
    <td>14,881,414</td>
  </tr>
  <tr>
    <td>Southwest</td>
    <td>66,000</td>
    <td>3,231,291</td>
    <td>2,513,071</td>
    <td>718,220</td>
    <td>1,867,000</td>
  </tr>
  <tr>
    <td>Henderson</td>
    <td>569,300</td>
    <td>6,909,210</td>
    <td>6,909,210</td>
    <td>0</td>
    <td>2,152,400</td>
  </tr>
  <tr>
    <td>Airport</td>
    <td>37,500</td>
    <td>32,000</td>
    <td>32,000</td>
    <td>0</td>
    <td>43,299</td>
  </tr>
  <tr>
    <td>TOTAL</td>
    <td>7,292,473</td>
    <td>21,095,394</td>
    <td>18,151,762</td>
    <td>2,943,632</td>
    <td>18,944,113</td>
  </tr>
</table>
		</div>
	</div>
<div class="vc_row vc_custom_1627670803273 row-internal row-container boomapps_vcrow" style="margin-bottom: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627418472181 boomapps_vccolumn single-block-padding style-color-498205-bg" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Construction.</h2>
<p>
</div><div class="clear"></div></div></div></div></div></div></div></div></div></div><div class="vc_row style-color-498205-bg vc_custom_1627670909554 row-internal row-container boomapps_vcrow" style="margin-top: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627670997205 boomapps_vccolumn no-block-padding" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="uncode_text_column" ><p>For the past three months, the numbers are consistent in the Las Vegas industrial market—no significant changes, no surprises. But the real buzz is around the progress made on 21 million square feet of construction, steadily pushing towards completion. It’s like watching a poker game where the pot keeps growing, and everyone’s waiting to</p>
</div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ><p>see who makes the next move. In the next 6 to 9 months, we could see the standing inventory number skyrocket, adding a massive stack of space to the market. All eyes are on the table as the pot grows, with everyone waiting to see how the cards fall in this high-stakes development and leasing game.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-left align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg tmb-lightbox"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><div class="dummy" style="padding-top: 100%;"></div><a href="https://excelcres.com/wp-content/uploads/2021/10/submarkets_map.jpg" class="pushed" data-active="1" data-lbox="ilightbox_single-78277" data-options="width:700,height:700,thumbnail: 'https://excelcres.com/wp-content/uploads/2021/10/submarkets_map-300x300.jpg'"><img decoding="async" class="wp-image-78277" src="https://excelcres.com/wp-content/uploads/2021/10/submarkets_map.jpg" width="700" height="700" alt="Map of submarkets in the Las Vegas Area" srcset="https://excelcres.com/wp-content/uploads/2021/10/submarkets_map.jpg 700w, https://excelcres.com/wp-content/uploads/2021/10/submarkets_map-300x300.jpg 300w, https://excelcres.com/wp-content/uploads/2021/10/submarkets_map-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2021/10/submarkets_map-75x75.jpg 75w" sizes="(max-width: 700px) 100vw, 700px" /></a></div>
					</div>
				</div></div></div></div></div><div class="uncode_text_column" ><p><strong>Henderson —</strong> Rental Rates | ±50,000 SF &#8211; $1.10-$1.12 | ±150,000 SF &#8211; $1.05-$1.10 Sale Comp: August 20th, 2024—Ares Real Estate Fund purchases AirParc Heights Industrial Park, a fully stabilized six-building mid-bay Class A park spanning 339,214 SF—$232/SF. Address: 3235 Sunridge Heights Pkwy.</p>
</div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627672379022 boomapps_vccolumn no-block-padding" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Submarkets.</h2>
<p>
</div><div class="clear"></div></div><div class="uncode_text_column" ><p><strong>North Las Vegas —</strong> Rental Rates | ±50,000 SF &#8211; $0.95-$1.05 | ±150,000 SF &#8211; $0.88-$0.95 Sale Comp: August 22nd, 2024—CNC Cabinetry pays $185/SF for recently completed turn-key 89,284 SF distribution facility with 3,500 SF office. Address: 2770 N. Lamb Blvd | Sale Comp: September 19th, 2024 — Theming &amp; Millwork Concepts buys 3470 John Peter St, a 23,579 SF building, for $219/SF. Address: 3470 John Peter Lee St.</p>
<p><strong>Southwest —</strong> Rental Rates | ±50,000 SF &#8211; $1.15-$1.30 | ±150,000 SF &#8211; $1.05 &#8211; $1.15 Sale Comp: August 23rd, 2024— Investor bought a fully occupied twotenant 35,446 SF industrial building for $291/SF at 5.5% cap. Address: 6260 W. Pebble Rd | Sale Comp: July 15th, 2024 — High image dock-high building sells to an Owner User (Stickers Banners) for $339/SF sets market high. Address: 7485 W. Badura Ave.</p>
<p><strong>Airport —</strong> Rental Rates | ±50,000 SF &#8211; $1.15-$1.30 | ±150,000 SF &#8211; $1.05-$1.15 Sale Comp: August 2nd, 2024—Marx Digital Manufacturing buys a high-image 19,707 SF building with small yard for $284/SF. Address: 1850 E. Maule Ave.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_center column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-739709" src="https://excelcres.com/wp-content/uploads/2024/11/Screen-Shot-2024-11-01-at-4.04.42-PM.png" width="1630" height="926" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/11/Screen-Shot-2024-11-01-at-4.04.42-PM.png 1630w, https://excelcres.com/wp-content/uploads/2024/11/Screen-Shot-2024-11-01-at-4.04.42-PM-780x443.png 780w, https://excelcres.com/wp-content/uploads/2024/11/Screen-Shot-2024-11-01-at-4.04.42-PM-150x85.png 150w, https://excelcres.com/wp-content/uploads/2024/11/Screen-Shot-2024-11-01-at-4.04.42-PM-1536x873.png 1536w, https://excelcres.com/wp-content/uploads/2024/11/Screen-Shot-2024-11-01-at-4.04.42-PM-350x199.png 350w" sizes="(max-width: 1630px) 100vw, 1630px" /></div>
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<div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/eric-larkin-2/" title="Eric Larkin"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-75474" src="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg" width="2560" height="2560" alt="Eric Larkin real estate headshot" srcset="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg 2560w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-780x780.jpg 780w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-2048x2048.jpg 2048w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-1536x1536.jpg 1536w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-348x348.jpg 348w" sizes="(max-width: 2560px) 100vw, 2560px" /></div>
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<h2><a href="https://excelcres.com/our-team/eric-larkin-2/">Eric Larkin</a></h2>
<p>Mr. Larkin joined NAI Vegas in 2013 with 7 years of experience coming from a regional brokerage firm specializing in representing institution landlords, REITs, insurance companies, lenders, receivers, and developers. Mr. Larkin’s extensive knowledge and understanding of investment analysis, property valuations, and lease negotiations has resulted in the completion of over 100 million dollars in transactions including leases, REO and distressed debt sales, trustee sales, and short sales.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/michael-kenny/" title="Michael Kenny"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-54318" src="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg" width="274" height="274" alt="Michael Kenny - commercial real estate agent" srcset="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg 274w, https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square-150x150.jpg 150w" sizes="(max-width: 274px) 100vw, 274px" /></div>
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<h2><a href="https://excelcres.com/our-team/michael-kenny/">Michael Kenny</a></h2>
<p>Michael is well versed in Real Estate and brings a unique background of finance and civil construction to his clients along with proven results and an unrivaled level of service. He works diligently with his clients to identify every opportunity, add value, and continually cultivates each relationship to help achieve their goals.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/leslie-houston/" title="Leslie Houston"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-73594" src="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg" width="1500" height="1500" alt="Leslie Houston - Commercial real estate agent in Las Vegas" srcset="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg 1500w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-300x300.jpg 300w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-1024x1024.jpg 1024w" sizes="(max-width: 1500px) 100vw, 1500px" /></div>
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<h2><a href="https://excelcres.com/our-team/leslie-houston/">Leslie Houston</a></h2>
<p>Leslie Houston joined NAI in 2018 after seven years of experience with a third party commercial real estate database, formerly known as one of the Top 2 commercial real estate information providers.  Leslie came to Vegas with an extensive real estate network from coast to coast.  She possesses a very unique subset of skills which includes all property types, all listing types, analytics, and research.  Coaching, supervision, and customer service have been major components throughout Leslie’s career and are proving to directly relate to her new role within the Larkin Industrial Group.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/las-vegas-nevada/team/zach-mcclenahan-2/" title="Zach McClenahan"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-734722" src="https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan.jpg" width="600" height="600" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan.jpg 600w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-348x348.jpg 348w" sizes="(max-width: 600px) 100vw, 600px" /></div>
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<h2><a href="https://excelcres.com/our-team/las-vegas-nevada/team/zach-mcclenahan-2/">Zach M. McClenahan</a></h2>
<p>Zach is a Las Vegas native ad second-generation Commercial Real Estate professional. He joined the Larkin Industrial Group in 2021 while completing his bachelor’s degree in finance at the University of Nevada, Las Vegas. Zach has played competitive hockey in Tier-1 Elite Leagues and is just as competitive on the golf course. When not utilizing his attention to detail towards studies or Industrial Real Estate brokerage support, he often serves for local volunteer organizations such as Three Square.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/las-vegas-nevada/team/seth-wright-2/" title="Seth Wright"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-736108" src="https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright.jpg" width="600" height="600" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright.jpg 600w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2024/07/Seth-Wright-348x348.jpg 348w" sizes="(max-width: 600px) 100vw, 600px" /></div>
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<h2><a href="https://excelcres.com/our-team/las-vegas-nevada/team/seth-wright-2/">Seth Wright</a></h2>
<p>Seth joined NAI Excel in 2024 after graduating from UNLV’s Lee Business School with a Bachelor of Science in Business Administration and an emphasis in Real Estate. He joined NAI Excel as part of the Larkin Industrial Group where he will help support the team in providing top-level advisory services to industrial occupiers throughout Southern Nevada.</p>
<p>Seth maintains strong roots to Orange County, CA where he was raised and has family. Outside of work, Seth enjoys fitness and exploring the outdoors.</p>
</div></div></div></div></div></div></div></div></div><div class="uncode_text_column" ><p><strong><span class="s3">About NAI Excel</span></strong></p>
<p><span class="s4">N</span><span class="s4">AI Excel </span><span class="s4">is a leading</span><span class="s4"> provider of commercial Real Estate Services</span><span class="s4"> in the US</span><span class="s4">. Operating </span><span class="s4">in</span><span class="s4"> Utah, </span><span class="s4">Nevada, </span><span class="s4">Texas, and Idaho, </span><span class="s4">they </span><span class="s4">are part of the NAI Global network covering nearly every major market nationally and across the globe. </span><span class="s4">NAI Excel </span><span class="s4">is a</span> <span class="s4">subsidiary of Brokers Holdings</span><span class="s4">, LLC</span><span class="s4">. Headquartered in St George, UT since 1982, </span><span class="s4">Brokers Holdings owns and operates both residential and commercial brokerages</span><span class="s4">. </span><span class="s4">With over 800 agents and staff, Brokers Holdings closes over 5,500 transactions worth more than $2 billion in value each year and manages over $1 billion in assets.</span></p>
<p><strong><span class="s3">About NAI Global</span></strong></p>
<p><span class="s4">NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, </span><span class="s4">Africa</span><span class="s4"> and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes </span><span class="s4">in excess of</span><span class="s4"> $20 billion in commercial real estate transactions throughout the world.</span></p>
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		<title>Q2 2024 Industrial Tenant Perspective</title>
		<link>https://excelcres.com/research/q2-2024-industrial-tenant-perspective-2/</link>
		
		<dc:creator><![CDATA[NAI]]></dc:creator>
		<pubDate>Mon, 05 Aug 2024 17:30:28 +0000</pubDate>
				<category><![CDATA[Research]]></category>
		<category><![CDATA[NAI Excel]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[RV Park]]></category>
		<category><![CDATA[St. George Commercial Real Estate]]></category>
		<category><![CDATA[washington county]]></category>
		<guid isPermaLink="false">https://excelcres.com/?p=736355</guid>

					<description><![CDATA[]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-18"><div class="row double-top-padding no-bottom-padding single-h-padding limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-736363" src="https://excelcres.com/wp-content/uploads/2024/08/Larkin-Group-Header.png" width="1864" height="244" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/08/Larkin-Group-Header.png 1864w, https://excelcres.com/wp-content/uploads/2024/08/Larkin-Group-Header-780x102.png 780w, https://excelcres.com/wp-content/uploads/2024/08/Larkin-Group-Header-150x20.png 150w, https://excelcres.com/wp-content/uploads/2024/08/Larkin-Group-Header-1536x201.png 1536w, https://excelcres.com/wp-content/uploads/2024/08/Larkin-Group-Header-350x46.png 350w" sizes="(max-width: 1864px) 100vw, 1864px" /></div>
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<h2>Q2 2024 Comments</h2>
<p>
</div><div class="clear"></div></div></div></div></div></div></div></div></div></div><div class="vc_row style-color-498205-bg vc_custom_1627670909554 row-internal row-container boomapps_vcrow" style="margin-top: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627670997205 boomapps_vccolumn no-block-padding" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="uncode_text_column" ><p>On July 7, Las Vegas broke its all-time temperature record, reaching 120°F at Harry Reid International Airport, surpassing the previous high of 117°F set in 1942. Amidst the heat, the industrial real estate market in Las Vegas has unfolded as anticipated this summer, with slowing demand and rising vacancies. Despite expectations for decreasing rental rates, they have remained relatively steady. Notably, North Las Vegas distribution rates have dropped to</p>
</div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ><p>the mid to high $0.80’s per square foot from a high of +/- $1.10 per square foot. Landlords increasingly secure deals through concessions such as tenant improvement allowances, early access, and abated rents, rather than lowering rates. Unlike the weather, no records have been set in the industrial real estate market, but the volume of concessions, including free rent, is nearing levels not seen since the financial crisis.</p>
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<table style="width:100%; border:none;">
  <tr>
    <th>Submarket</th>
    <th>Standing Inventory</th> 
    <th>Under Construction</th>
    <th>Under Construction Available</th>
    <th>Under Construction Pre-Leased</th>
    <th>Planned</th>
  </tr>
  <tr>
    <td>North</td>
    <td>6,742,506</td>
    <td>10,811,893</td>
    <td>9,170,841</td>
    <td>1,641,052</td>
    <td>14,992,414</td>
  </tr>
  <tr>
    <td>Southwest</td>
    <td>66,000</td>
    <td>2,969,291</td>
    <td>2,251,071</td>
    <td>718,220</td>
    <td>2,291,000</td>
  </tr>
  <tr>
    <td>Henderson</td>
    <td>569,300</td>
    <td>5,522,166</td>
    <td>5,489,410</td>
    <td>32,756</td>
    <td>3,572,200</td>
  </tr>
  <tr>
    <td>Airport</td>
    <td>37,500</td>
    <td>32,000</td>
    <td>32,000</td>
    <td>0</td>
    <td>43,299</td>
  </tr>
  <tr>
    <td>TOTAL</td>
    <td>7,415,306</td>
    <td>19,335,350</td>
    <td>16,943,322</td>
    <td>2,392,028</td>
    <td>20,898,913</td>
  </tr>
</table>
		</div>
	</div>
<div class="vc_row vc_custom_1627670803273 row-internal row-container boomapps_vcrow" style="margin-bottom: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627418472181 boomapps_vccolumn single-block-padding style-color-498205-bg" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Construction.</h2>
<p>
</div><div class="clear"></div></div></div></div></div></div></div></div></div></div><div class="vc_row style-color-498205-bg vc_custom_1627670909554 row-internal row-container boomapps_vcrow" style="margin-top: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627670997205 boomapps_vccolumn no-block-padding" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="uncode_text_column" ><p>According to CoStar, industrial deliveries in Las Vegas are set to reach a record high in 2024, with 13 million SF slated for completion. This will expand the inventory by over 7%, surpassing the past five years’ 4% annual growth rate. Late- 2023 construction starts remained strong, with nearly 6 million SF breaking ground in the year’s second half. Nationally, construction starts have slowed below the three-year average during the same period. With over 17 million SF under construction in early 2024, vacancies may increase faster than the national average. The total space under construction represents 10% of existing</p>
</div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ><p>inventory in Las Vegas, compared to 2.2% nationally. Approximately 70% of the industrial space currently being built is available for lease, higher than the national rate of 55%. Projects of 400,000+ square feet face significant challenges, with leasing in this segment virtually nonexistent in the past year. About 17% of the inventory of properties 400,000 square feet or larger is available for lease, nearly double the national rate of 9.6%, making it one of the highest comparable rates in the U.S.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-left align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg tmb-lightbox"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><div class="dummy" style="padding-top: 100%;"></div><a href="https://excelcres.com/wp-content/uploads/2021/10/submarkets_map.jpg" class="pushed" data-active="1" data-lbox="ilightbox_single-78277" data-options="width:700,height:700,thumbnail: 'https://excelcres.com/wp-content/uploads/2021/10/submarkets_map-300x300.jpg'"><img decoding="async" class="wp-image-78277" src="https://excelcres.com/wp-content/uploads/2021/10/submarkets_map.jpg" width="700" height="700" alt="Map of submarkets in the Las Vegas Area" srcset="https://excelcres.com/wp-content/uploads/2021/10/submarkets_map.jpg 700w, https://excelcres.com/wp-content/uploads/2021/10/submarkets_map-300x300.jpg 300w, https://excelcres.com/wp-content/uploads/2021/10/submarkets_map-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2021/10/submarkets_map-75x75.jpg 75w" sizes="(max-width: 700px) 100vw, 700px" /></a></div>
					</div>
				</div></div></div></div></div><div class="uncode_text_column" ><p><strong>Henderson —</strong> Rental Rates | ±50,000 SF &#8211; $1.10-$1.12 | ±150,000 SF &#8211; $1.05-$1.10 Sale Comp: May 15th,2024 – T Brokers Tile bought 941 Empire Mesa Way., 6,869 SF building &#8211; $237/SF. | Sale Comp: May 23rd, 2024 – A private investor purchased 1735 Chaparral Rd., a 98,023 SF NNN leased investment for $284/SF – Pro Forma cap rate of 4.91%.</p>
</div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627672379022 boomapps_vccolumn no-block-padding" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Submarkets.</h2>
<p>
</div><div class="clear"></div></div><div class="uncode_text_column" ><p><strong>North Las Vegas —</strong> Rental Rates | ±50,000 SF &#8211; $1.00-$1.10 | ±150,000 SF $0.90-$0.95 Sale Comp: May 8th, 2024— Panda Window &amp; Doors expanded with a 41,309 SF building at 3865 N. Pecod Rd., for $237/SF. | Sale Comp: May 30th, 2024 —IOS fund purchased XPO truck terminal with a short lease for $38/SF.</p>
<p><strong>Southwest —</strong> Rental Rates | ±50,000 SF &#8211; $1.15-$1.30 | ±150,000 SF &#8211; $1.05 &#8211; $1.15 Sale Comp: April 26th, 2024 – IOS fund acquired a 20- yr NNN lease on a 4.54-acre low-coverage property for $31/SF. | Sale Comp: May 2nd, 2024 —Freestanding 42,645 SF building, sold to a mechanical contractor user for $258/SF.</p>
<p><strong>Airport —</strong> Rental Rates | ±50,000 SF &#8211; $1.15-$1.30 | ±150,000 SF &#8211; $1.05-$1.15 Sale Comp: June 24th, 2024—32,756 SF dock-high new build, sold to a construction user for $256/SF. The user unit is shell, and the for-lease unit is turn-key.</p>
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<div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/eric-larkin-2/" title="Eric Larkin"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-75474" src="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg" width="2560" height="2560" alt="Eric Larkin real estate headshot" srcset="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg 2560w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-780x780.jpg 780w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-2048x2048.jpg 2048w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-1536x1536.jpg 1536w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-348x348.jpg 348w" sizes="(max-width: 2560px) 100vw, 2560px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/eric-larkin-2/">Eric Larkin</a></h2>
<p>Mr. Larkin joined NAI Vegas in 2013 with 7 years of experience coming from a regional brokerage firm specializing in representing institution landlords, REITs, insurance companies, lenders, receivers, and developers. Mr. Larkin’s extensive knowledge and understanding of investment analysis, property valuations, and lease negotiations has resulted in the completion of over 100 million dollars in transactions including leases, REO and distressed debt sales, trustee sales, and short sales.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/michael-kenny/" title="Michael Kenny"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-54318" src="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg" width="274" height="274" alt="Michael Kenny - commercial real estate agent" srcset="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg 274w, https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square-150x150.jpg 150w" sizes="(max-width: 274px) 100vw, 274px" /></div>
					</div>
				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/michael-kenny/">Michael Kenny</a></h2>
<p>Michael is well versed in Real Estate and brings a unique background of finance and civil construction to his clients along with proven results and an unrivaled level of service. He works diligently with his clients to identify every opportunity, add value, and continually cultivates each relationship to help achieve their goals.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/leslie-houston/" title="Leslie Houston"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-73594" src="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg" width="1500" height="1500" alt="Leslie Houston - Commercial real estate agent in Las Vegas" srcset="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg 1500w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-300x300.jpg 300w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-1024x1024.jpg 1024w" sizes="(max-width: 1500px) 100vw, 1500px" /></div>
					</div>
				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/leslie-houston/">Leslie Houston</a></h2>
<p>Leslie Houston joined NAI in 2018 after seven years of experience with a third party commercial real estate database, formerly known as one of the Top 2 commercial real estate information providers.  Leslie came to Vegas with an extensive real estate network from coast to coast.  She possesses a very unique subset of skills which includes all property types, all listing types, analytics, and research.  Coaching, supervision, and customer service have been major components throughout Leslie’s career and are proving to directly relate to her new role within the Larkin Industrial Group.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/las-vegas-nevada/team/zach-mcclenahan-2/" title="Zach McClenahan"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-734722" src="https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan.jpg" width="600" height="600" alt="" srcset="https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan.jpg 600w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2024/06/Zach-McClenahan-348x348.jpg 348w" sizes="(max-width: 600px) 100vw, 600px" /></div>
					</div>
				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/las-vegas-nevada/team/zach-mcclenahan-2/">Zach M. McClenahan</a></h2>
<p>Zach is a Las Vegas native ad second-generation Commercial Real Estate professional. He joined the Larkin Industrial Group in 2021 while completing his bachelor’s degree in finance at the University of Nevada, Las Vegas. Zach has played competitive hockey in Tier-1 Elite Leagues and is just as competitive on the golf course. When not utilizing his attention to detail towards studies or Industrial Real Estate brokerage support, he often serves for local volunteer organizations such as Three Square.</p>
</div></div></div></div></div></div></div></div></div><div class="uncode_text_column" ><p><strong><span class="s3">About NAI Excel</span></strong></p>
<p><span class="s4">N</span><span class="s4">AI Excel </span><span class="s4">is a leading</span><span class="s4"> provider of commercial Real Estate Services</span><span class="s4"> in the US</span><span class="s4">. Operating </span><span class="s4">in</span><span class="s4"> Utah, </span><span class="s4">Nevada, </span><span class="s4">Texas, and Idaho, </span><span class="s4">they </span><span class="s4">are part of the NAI Global network covering nearly every major market nationally and across the globe. </span><span class="s4">NAI Excel </span><span class="s4">is a</span> <span class="s4">subsidiary of Brokers Holdings</span><span class="s4">, LLC</span><span class="s4">. Headquartered in St George, UT since 1982, </span><span class="s4">Brokers Holdings owns and operates both residential and commercial brokerages</span><span class="s4">. </span><span class="s4">With over 800 agents and staff, Brokers Holdings closes over 5,500 transactions worth more than $2 billion in value each year and manages over $1 billion in assets.</span></p>
<p><strong><span class="s3">About NAI Global</span></strong></p>
<p><span class="s4">NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, </span><span class="s4">Africa</span><span class="s4"> and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes </span><span class="s4">in excess of</span><span class="s4"> $20 billion in commercial real estate transactions throughout the world.</span></p>
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		<item>
		<title>News Brief: U.S. Inflation hits 30-Year High</title>
		<link>https://excelcres.com/research/news-brief-u-s-inflation-hits-30-year-high/</link>
		
		<dc:creator><![CDATA[Monica Contreras]]></dc:creator>
		<pubDate>Tue, 07 Dec 2021 21:18:13 +0000</pubDate>
				<category><![CDATA[Research]]></category>
		<category><![CDATA[NAI Excel]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[RV Park]]></category>
		<category><![CDATA[St. George Commercial Real Estate]]></category>
		<category><![CDATA[washington county]]></category>
		<guid isPermaLink="false">https://excelcres.com/?p=78307</guid>

					<description><![CDATA[]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div data-parent="true" class="vc_row style-back_color-501792-bg row-container boomapps_vcrow" id="row-unique-21"><div class="row double-top-padding no-bottom-padding single-h-padding limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="vc_row style-back_color-158839-bg vc_custom_1638905199061 row-internal row-container boomapps_vcrow" style="margin-bottom: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1638905232172 boomapps_vccolumn single-block-padding style-back_color-196537-bg" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ><p class="text-color-676399-color" ><span>In December, the U.S. Labor Department reported the consumer price index had increased 6.8% over the prior year, marking its biggest annual gain in nearly 40 years.</p></span><span><p>&nbsp;</p></span><span><p>The consumer price index (CPI), which is calculated from a basket of products ranging from food to housing to recreation, has been trending above 5.0% since the spring. Even after removing food and energy prices, core CPI was still up 4.9%, the highest reading since August 1991.</span></p></div><div class="clear"></div></div></div></div></div></div></div></div></div></div><div class="vc_row style-back_color-173463-bg vc_custom_1638905179588 row-internal row-container boomapps_vcrow" style="margin-top: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627670997205 boomapps_vccolumn no-block-padding" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h4>Why is inflation an issue?</h4>
<p>With the exception of a brief period in 2007 and 2008 when the rate bumped above 4%, inflation has generally stayed between 1.0% &#8211; 3.0% over the past several decades, which the Fed sees as an optimal range for steady, economic growth. When the rate starts trending above that, as it has since April, it can become a significant challenge – outpacing wage growth, shrinking buying power, and straining household budgets.</p>
<h4>How did we get here?</h4>
<p>By the spring of 2021, after a year of mandates and quarantines, consumers were eager to get back to restaurants, shopping, entertainment, and travel. Combined with vaccines rolling out and the federal government passing another massive stimulus package ($1.9 trillion), consumers now had all the confidence, and dollars, needed to do so.<br />
Unfortunately, production of goods was not able to keep up given labor and materials shortages. Oil producers shut in production during the pandemic and have not increased it fast enough. Some workers opted not to return to the workforce. Ports became logjammed, unable to efficiently process shipments. Supply chains have been unable to keep up. The result – high demand and limited supply – prices go up.</p>
</div><div class="uncode_text_column" ></p>
<h5>12-month percentage change, Consumer Price Index, selected categories, November 2021, not seasonally adjusted.</h5>
<p>
</div><div class="vc_progress_bar wpb_content_element" ><div class="vc_progress_label" >Apparel<small class="vc_label"> <span class="vc_label_units"><span class="vc_progress_value">5.0</span><span class="vc_progress_unit">%</span></span></small></div><div class="vc_single_bar" ><span class="vc_bar style-color-124033-bg" data-percentage-value="5.0" data-value="5.0" ></span></div><div class="vc_progress_label" >Food<small class="vc_label"> <span class="vc_label_units"><span class="vc_progress_value">6.1</span><span class="vc_progress_unit">%</span></span></small></div><div class="vc_single_bar" ><span class="vc_bar style-color-124033-bg" data-percentage-value="6.1" data-value="6.1" ></span></div><div class="vc_progress_label" >Electricity<small class="vc_label"> <span class="vc_label_units"><span class="vc_progress_value">6.5</span><span class="vc_progress_unit">%</span></span></small></div><div class="vc_single_bar" ><span class="vc_bar style-color-124033-bg" data-percentage-value="6.5" data-value="6.5" ></span></div><div class="vc_progress_label" >All items<small class="vc_label"> <span class="vc_label_units"><span class="vc_progress_value">6.8</span><span class="vc_progress_unit">%</span></span></small></div><div class="vc_single_bar" ><span class="vc_bar style-color-124033-bg" data-percentage-value="6.8" data-value="6.8" ></span></div><div class="vc_progress_label" >New Vehicles<small class="vc_label"> <span class="vc_label_units"><span class="vc_progress_value">11.1</span><span class="vc_progress_unit">%</span></span></small></div><div class="vc_single_bar" ><span class="vc_bar style-color-124033-bg" data-percentage-value="11.1" data-value="11.1" ></span></div><div class="vc_progress_label" >Natural Gas<small class="vc_label"> <span class="vc_label_units"><span class="vc_progress_value">25.1</span><span class="vc_progress_unit">%</span></span></small></div><div class="vc_single_bar" ><span class="vc_bar style-color-124033-bg" data-percentage-value="25.1" data-value="25.1" ></span></div><div class="vc_progress_label" >Used Cars & Trucks<small class="vc_label"> <span class="vc_label_units"><span class="vc_progress_value">31.4</span><span class="vc_progress_unit">%</span></span></small></div><div class="vc_single_bar" ><span class="vc_bar style-color-124033-bg" data-percentage-value="31.4" data-value="31.4" ></span></div><div class="vc_progress_label" >Gasoline<small class="vc_label"> <span class="vc_label_units"><span class="vc_progress_value">58.1</span><span class="vc_progress_unit">%</span></span></small></div><div class="vc_single_bar" ><span class="vc_bar style-color-124033-bg" data-percentage-value="58.1" data-value="58.1" ></span></div></div><div class="uncode_text_column" ></p>
<h6 style="text-align: center;">(Major Categories) Source: U.S. Bureau of Labor Statistics</h6>
<p>
</div></div></div></div></div></div></div></div></div><div class="empty-space empty-single" ><span class="empty-space-inner"></span></div>
<div class="vc_row style-back_color-393082-bg vc_custom_1638905169734 row-internal row-container boomapps_vcrow" style="margin-top: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627670997205 boomapps_vccolumn no-block-padding" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h4>Where do we go from here?</h4>
<p>The Fed is set to begin tapering its bond purchases this month but may need to tighten policy even faster to combat inflation. During a November 30th congressional hearing, Fed Chairman Jerome Powell stated,</p>
<blockquote>
<p>“The recent rise in COVID-19 cases and the emergence of the Omicron variant pose downside risks to employment and economic activity and increased uncertainty for inflation. Greater concerns about the virus could reduce people’s willingness to work in person, which would slow progress in the labor market and intensify supply-chain disruptions.”</p>
</blockquote>
<p>Chairman Powell continued, “It now appears that factors pushing inflation upward will linger well into next year” but also that the Fed still “expects inflation to move down significantly over the next year as supply and demand imbalances abate.”</p>
</div><div class="divider-wrapper "  >
    <hr class="separator-no-padding"  />
</div>
<div class="uncode_text_column border-color-124033-color" ><p><strong>Key Upcoming Dates:</strong><br />
December 15 – Federal Reserve’s next policy meeting concludes.<br />
January 12 – Labor Department releases latest CPI data.</p>
</div></div></div></div></div></div></div></div></div><div class="empty-space empty-single" ><span class="empty-space-inner"></span></div>
<div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-middle pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-78308" src="https://excelcres.com/wp-content/uploads/2021/12/Screen-Shot-2021-12-07-at-12.07.33-PM.png" width="1028" height="594" alt="" srcset="https://excelcres.com/wp-content/uploads/2021/12/Screen-Shot-2021-12-07-at-12.07.33-PM.png 1028w, https://excelcres.com/wp-content/uploads/2021/12/Screen-Shot-2021-12-07-at-12.07.33-PM-300x173.png 300w, https://excelcres.com/wp-content/uploads/2021/12/Screen-Shot-2021-12-07-at-12.07.33-PM-1024x592.png 1024w" sizes="(max-width: 1028px) 100vw, 1028px" /></div>
					</div>
				</div></div></div></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column text-small" ><p>Sources: U.S. Bureau of Labor Statistics, Associated Press, CNBC, Business Insider;<br />
The information contained in this report was obtained from sources deemed to be reliable. Every effort was made to obtain accurate and complete information; however, no representation, warranty, or guaranty, express or implied, may be made as to the accuracy or reliability of the information contained herein.</p>
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</div>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Q3 2021 Industrial Tenant Perspective</title>
		<link>https://excelcres.com/research/q3-2021-industrial-tenant-perspective/</link>
		
		<dc:creator><![CDATA[NAI]]></dc:creator>
		<pubDate>Mon, 25 Oct 2021 21:36:44 +0000</pubDate>
				<category><![CDATA[Research]]></category>
		<category><![CDATA[NAI Excel]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[RV Park]]></category>
		<category><![CDATA[St. George Commercial Real Estate]]></category>
		<category><![CDATA[washington county]]></category>
		<guid isPermaLink="false">https://excelcres.com/?p=78275</guid>

					<description><![CDATA[]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-23"><div class="row-background background-element">
											<div class="background-wrapper">
												<div class="background-inner" style="background-image: url(https://excelcres.com/wp-content/uploads/2021/07/business-man-financial-inspector-secretary-making-report-calculating-checking-balance-internal-revenue-service-inspector-checking-document-audit-concept-scaled.jpg);background-repeat: no-repeat;background-position: center center;background-attachment: scroll;background-size: cover;"></div>
												
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										</div><div class="row full-width row-parent" data-height-ratio="45"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ></div></div></div></div></div><script id="script-row-unique-23" data-row="script-row-unique-23" type="text/javascript" class="vc_controls">UNCODE.initRow(document.getElementById("row-unique-23"));</script></div></div></div><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-24"><div class="row double-top-padding no-bottom-padding single-h-padding limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="vc_row vc_custom_1627670803273 row-internal row-container boomapps_vcrow" style="margin-bottom: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627418472181 boomapps_vccolumn single-block-padding style-color-498205-bg" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Outlook.</h2>
<p>
</div><div class="clear"></div></div></div></div></div></div></div></div></div></div><div class="vc_row style-color-498205-bg vc_custom_1627670909554 row-internal row-container boomapps_vcrow" style="margin-top: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627670997205 boomapps_vccolumn no-block-padding" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="uncode_text_column" ><p>Amidst The Great Supply Chain Disruption of 2021, a “No Vacancy” sign has started to flicker over Las Vegas’ industrial market. In North Las Vegas, the submarket largely responsible for adding 45 million square-feet of economic diversity over the last seven years, there is no immediate option if you need new, concrete tilt-up, distribution space. One of multiple tenant prospects will soon occupy the last available unit within the area’s standing inventory at 171,000 square feet.</p>
</div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ><p>The availability of other product types, and within other submarkets, is similarly scarce. As one would expect, low supply and high demand continue to push up rents across the board. Pre-leasing is up 55% quarter over a quarter, while standing inventory is down almost 400% in the same period. Tenants are committing to space early or having to consider other markets. California relocations and 1031 exchange money drive the Las Vegas market. While our industrial market dynamics seem extreme and expensive, we are still a bargain compared to our neighboring state of California.</p>
</div></div></div></div></div></div></div></div></div>
	<div class="wpb_raw_code wpb_raw_html  multifamilytable" >
		<div class="wpb_wrapper">
			<h3>Significant Q3 Transactions</h3>

<table style="width:100%; border:none;">
  <tr>
    <th>Submarket</th>
    <th>Standing Inventory</th> 
    <th>Under Construction</th>
    <th>Under Construction Available</th>
    <th>Under Construction Pre-Leased</th>
    <th>Planned</th>
  </tr>
  <tr>
    <td>North</td>
    <td>170,982</td>
    <td>8,248,040</td>
    <td>4,254,434</td>
    <td>3,980,606</td>
    <td>6,992,863</td>
  </tr>
  <tr>
    <td>Southwest</td>
    <td>89,712</td>
    <td>1,032,677</td>
    <td>702,902</td>
    <td>329,775</td>
    <td>1,399,331</td>
  </tr>
  <tr>
    <td>Henderson</td>
    <td>130,220</td>
    <td>3,626,381</td>
    <td>2,665,466</td>
    <td>960,915</td>
    <td>258,021</td>
  </tr>
  <tr>
    <td>Airport</td>
    <td>0</td>
    <td>409,500</td>
    <td>258,300</td>
    <td>151,200</td>
    <td>150,120</td>
  </tr>
  <tr>
    <td>TOTAL</td>
    <td>390,914</td>
    <td>13,316,598</td>
    <td>7,881,102</td>
    <td>5,422,496</td>
    <td>8,800,335</td>
  </tr>
</table>
		</div>
	</div>
<div class="vc_row vc_custom_1627670803273 row-internal row-container boomapps_vcrow" style="margin-bottom: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627418472181 boomapps_vccolumn single-block-padding style-color-498205-bg" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Construction.</h2>
<p>
</div><div class="clear"></div></div></div></div></div></div></div></div></div></div><div class="vc_row style-color-498205-bg vc_custom_1627670909554 row-internal row-container boomapps_vcrow" style="margin-top: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627670997205 boomapps_vccolumn no-block-padding" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="uncode_text_column" ><p>Our 13 million square feet of construction looks healthy—however, timing and ongoing demand present challenges. By most estimates, we have over 10 million square feet of demand, equating to just over a one year supply of space. Adding further strain are delayed construction deliveries resulting from supply chain disruptions. Roof components, dock packages, and things as simple as nails are difficult to find or are slow to arrive. The resulting delays for deliveries in 2022 and even 2023, make the next 12 months hyper-competitive.</p>
</div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ><p>Developers are still bullish on space demand and rent growth, which continues to push land prices higher. Any available parcel of significant size gets interest from a long list of developers. Project announcements as small as 25,000 square-feet on smaller lots are a welcome new trend, but delivery dates will be fluid. In a recent McCarran Airport Auction, several parcels that looked suitable for industrial development went to apartment developers willing to pay over $1 million per acre.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-left align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg tmb-lightbox"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><div class="dummy" style="padding-top: 100%;"></div><a href="https://excelcres.com/wp-content/uploads/2021/10/submarkets_map.jpg" class="pushed" data-active="1" data-lbox="ilightbox_single-78277" data-options="width:700,height:700,thumbnail: 'https://excelcres.com/wp-content/uploads/2021/10/submarkets_map-300x300.jpg'"><img decoding="async" class="wp-image-78277" src="https://excelcres.com/wp-content/uploads/2021/10/submarkets_map.jpg" width="700" height="700" alt="Map of submarkets in the Las Vegas Area" srcset="https://excelcres.com/wp-content/uploads/2021/10/submarkets_map.jpg 700w, https://excelcres.com/wp-content/uploads/2021/10/submarkets_map-300x300.jpg 300w, https://excelcres.com/wp-content/uploads/2021/10/submarkets_map-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2021/10/submarkets_map-75x75.jpg 75w" sizes="(max-width: 700px) 100vw, 700px" /></a></div>
					</div>
				</div></div></div></div></div><div class="uncode_text_column" ><p><strong>East Henderson —</strong> Like the airport area, for-sale and for-lease pricing mirror the Southwest with less runway to finish 2021.</p>
<p><strong>West Henderson —</strong> West Henderson is still in the pricing discovery stages on a for-sale basis but on pace to be the most expensive submarket in town. Shell buildings should close at well over $200 a square foot. Leasing rates are on pace with Southwest and, in some cases, more expensive.</p>
</div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-6 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627672379022 boomapps_vccolumn no-block-padding" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Submarkets.</h2>
<p>
</div><div class="clear"></div></div><div class="uncode_text_column" ><p><strong>North Las Vegas —</strong> A North Las Vegas discount is nearly unrecognizable, with mid to high $0.60’s SF/M for distribution units. Tenants must request proposals to see actual rates, and the quoted rent may increase if not locked in. Smaller spaces can be $0.70 &#8211; $0.90 SF/M. A 19,000 SF NNN leased dock-high building occupied by Goodman is seeking $200 a square foot.</p>
<p><strong>Southwest —</strong> A 40,000 SF dock-high building just south of the Stadium District is listed at $261 per SF and rumored to be in escrow. Another similar building in the Stadium Area is asking $250 per SF. Multiple comps prove at least $225 per SF, but another 10%-15% pricing jump feels imminent by the year’s end. Lease rates hover around $0.95 to $1.05 SF/M with dock-high distribution buildings under construction, expecting closer to $1.25 SF/M when delivered next year.</p>
<p><strong>Airport —</strong> Rents and pricing are similar to the Southwest, with lesser signs of an immediate increase by the end of 2021. Expect a maximum of $225 per SF.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row style-color-498205-bg row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-8 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1627672379022 boomapps_vccolumn no-block-padding" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Notable Transaction.</h2>
<p>
</div><div class="clear"></div></div><div class="uncode_text_column" ><p>&#8220;When we planned a west coast manufacturing facility, we trusted NAI Global for market expertise in Las Vegas. Mike Kenny and his team at NAI Vegas were referred and did not disappoint. Evanesce secured an ideal North Las Vegas location, in a hyper-competitive market, and signed before a significant increase in rental rates.&#8221;</p>
<p>– Scott Duddy, Chief Operating Officer</p>
</div></div></div></div></div></div><div class="wpb_column pos-middle pos-left align_left column_child col-lg-4 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg tmb-lightbox"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><div class="dummy" style="padding-top: 40.6%;"></div><a href="https://excelcres.com/wp-content/uploads/2021/10/Evanesce.png" class="pushed" data-active="1" data-lbox="ilightbox_single-78279" data-options="width:500,height:203,thumbnail: 'https://excelcres.com/wp-content/uploads/2021/10/Evanesce-300x122.png'"><img decoding="async" class="wp-image-78279" src="https://excelcres.com/wp-content/uploads/2021/10/Evanesce.png" width="500" height="203" alt="Logo of Evanesce Packaging Solutions" srcset="https://excelcres.com/wp-content/uploads/2021/10/Evanesce.png 500w, https://excelcres.com/wp-content/uploads/2021/10/Evanesce-300x122.png 300w" sizes="(max-width: 500px) 100vw, 500px" /></a></div>
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				</div></div></div></div></div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_center column_child col-lg-4 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Challenge.</h2>
<p>
</div><div class="clear"></div></div><div class="uncode_text_column" ><p>At Evanesce, developing innovative technologies to replace single-use plastics and Styrofoam gained significant momentum. To meet the growing demands of sustainable packaging alternatives, they needed distribution centers from coast to coast.</p>
</div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_center column_child col-lg-4 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn border-color-jevc-color no-block-padding" style="border-style: solid;" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Action.</h2>
<p>
</div><div class="clear"></div></div><div class="uncode_text_column" ><p>The leadership at Evanesce looked to NAI Global for logistics expertise on the west coast. The NAI global network of real estate professionals was the perfect resource for site selection. They selected Las Vegas, NAI Vegas, and the Larkin Industrial Group.</p>
</div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_center column_child col-lg-4 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Results.</h2>
<p>
</div><div class="clear"></div></div><div class="uncode_text_column" ></p>
<p class="p1">Evanesce will disrupt the $980 billion packaging industry with innovative solutions for consumers, the food industry, and the planet from a new NLV location. Their new facility is under construction and will be ready for 2022 operations.</p>
<p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-middle pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-65551" src="https://excelcres.com/wp-content/uploads/2017/12/NAI_Vegas.png" width="258" height="100" alt="Commercial Real Estate Las Vegas Nevada"></div>
					</div>
				</div></div></div></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column text-small" ><p>This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty, or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction on the suitability of the property for your needs.</p>
</div></div></div></div></div></div></div></div></div><span class="btn-container btn-block" ><a role="button"  href="https://excelcres.com/wp-content/uploads/2021/10/Q3-Tenant-Report-2021.pdf" class="custom-link btn border-width-0 buttonborder btn-color-676399 btn-block btn-icon-left" target="_blank">Download PDF</a></span></div></div></div></div></div><script id="script-row-unique-24" data-row="script-row-unique-24" type="text/javascript" class="vc_controls">UNCODE.initRow(document.getElementById("row-unique-24"));</script></div></div></div><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-25"><div class="row limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="empty-space empty-half" ><span class="empty-space-inner"></span></div>
<div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/eric-larkin-2/" title="Eric Larkin"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-75474" src="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg" width="2560" height="2560" alt="Eric Larkin real estate headshot" srcset="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg 2560w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-780x780.jpg 780w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-2048x2048.jpg 2048w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-1536x1536.jpg 1536w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-348x348.jpg 348w" sizes="(max-width: 2560px) 100vw, 2560px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/eric-larkin-2/">Eric Larkin</a></h2>
<p>Mr. Larkin joined NAI Vegas in 2013 with 7 years of experience coming from a regional brokerage firm specializing in representing institution landlords, REITs, insurance companies, lenders, receivers, and developers. Mr. Larkin’s extensive knowledge and understanding of investment analysis, property valuations, and lease negotiations has resulted in the completion of over 100 million dollars in transactions including leases, REO and distressed debt sales, trustee sales, and short sales.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/michael-kenny/" title="Michael Kenny"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-54318" src="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg" width="274" height="274" alt="Michael Kenny - commercial real estate agent" srcset="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg 274w, https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square-150x150.jpg 150w" sizes="(max-width: 274px) 100vw, 274px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/michael-kenny/">Michael Kenny</a></h2>
<p>Michael is well versed in Real Estate and brings a unique background of finance and civil construction to his clients along with proven results and an unrivaled level of service. He works diligently with his clients to identify every opportunity, add value, and continually cultivates each relationship to help achieve their goals.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/leslie-houston/" title="Leslie Houston"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-73594" src="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg" width="1500" height="1500" alt="Leslie Houston - Commercial real estate agent in Las Vegas" srcset="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg 1500w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-300x300.jpg 300w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-1024x1024.jpg 1024w" sizes="(max-width: 1500px) 100vw, 1500px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/leslie-houston/">Leslie Houston</a></h2>
<p>Leslie Houston joined NAI in 2018 after seven years of experience with a third party commercial real estate database, formerly known as one of the Top 2 commercial real estate information providers.  Leslie came to Vegas with an extensive real estate network from coast to coast.  She possesses a very unique subset of skills which includes all property types, all listing types, analytics, and research.  Coaching, supervision, and customer service have been major components throughout Leslie’s career and are proving to directly relate to her new role within the Larkin Industrial Group.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/erik-sexton/" title="Erik Sexton"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-54625" src="https://excelcres.com/wp-content/uploads/2015/11/Eric-Sexston_Square.jpg" width="1736" height="1736" alt="Erik Sexton - Commercial real estate agent in Las Vegas" srcset="https://excelcres.com/wp-content/uploads/2015/11/Eric-Sexston_Square.jpg 1736w, https://excelcres.com/wp-content/uploads/2015/11/Eric-Sexston_Square-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2015/11/Eric-Sexston_Square-300x300.jpg 300w, https://excelcres.com/wp-content/uploads/2015/11/Eric-Sexston_Square-1024x1024.jpg 1024w" sizes="(max-width: 1736px) 100vw, 1736px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/erik-sexton/">Erik Sexton</a></h2>
<p>Erik Sexton joined NAI Vegas in 2017 as a Senior Vice President and Industrial Specialist. He has more than 14 years experience in the leasing and sales of industrial and office spaces. During his real estate career, Mr. Sexton has represented a diverse segment of location and national companies that include Genesis Gaming, SME Steel, Ice Now, High Impact Signs, Next Century Rebar, JAMO Performance Exhaust, Chicago Exhibit Productions, Coca Cola, and 99 Cent Stores Only.. As a licensed agent, he has brokered more than 1.8 million square feet of commercial space totaling more than $179 million.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/bryan-houser/" title="Bryan Houser"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-77666" src="https://excelcres.com/wp-content/uploads/2023/04/Bryan-Houser02_Web.jpg" width="1800" height="1800" alt="Bryan Houser is a commercial real estate agent in Las Vegas" srcset="https://excelcres.com/wp-content/uploads/2023/04/Bryan-Houser02_Web.jpg 1800w, https://excelcres.com/wp-content/uploads/2023/04/Bryan-Houser02_Web-780x780.jpg 780w, https://excelcres.com/wp-content/uploads/2023/04/Bryan-Houser02_Web-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2023/04/Bryan-Houser02_Web-1536x1536.jpg 1536w, https://excelcres.com/wp-content/uploads/2023/04/Bryan-Houser02_Web-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2023/04/Bryan-Houser02_Web-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2023/04/Bryan-Houser02_Web-348x348.jpg 348w" sizes="(max-width: 1800px) 100vw, 1800px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/bryan-houser/">Bryan Houser</a></h2>
<p>Bryan specializes in the representation of landlords and tenants in the leasing, acquisition, and disposition of Industrial and Office properties throughout Southern Nevada and the Southwestern U.S. He recently completed the NAIOP Developing Leaders program and attributes much of his success to his “client first” focus; ensuring that his clients’ needs are placed above all others and the outcomes are in their best interest. “I get satisfaction from providing a smooth successful transaction for my Landlord, Tenant and Investment clients, and in knowing they are satisfied with the outcome of the deal.”</p>
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<h4><em>About NAI Vegas and NAI Excel</em></h4>
<p>NAI Excel and NAI Vegas are leading providers of commercial Real Estate Services in the West. Operating as NAI Vegas in Nevada, and NAI Excel in Utah and Idaho, we are part of the NAI Global network covering nearly every major market nationally and across the globe. Serving both urban and rural markets, we leverage our resources to help you excel in your real estate goals. When you work with one of our team, you get the benefit of working with all of us.</p>
<p><em><strong>About NAI Global</strong></em></p>
<p>NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.</p>
<p>NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit <a href="http://www.naiglobal.com">http://www.naiglobal.com</a></p>
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		<title>Evanesce</title>
		<link>https://excelcres.com/research/evanesce/</link>
		
		<dc:creator><![CDATA[NAI]]></dc:creator>
		<pubDate>Wed, 20 Oct 2021 16:15:56 +0000</pubDate>
				<category><![CDATA[Research]]></category>
		<category><![CDATA[NAI Excel]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[RV Park]]></category>
		<category><![CDATA[St. George Commercial Real Estate]]></category>
		<category><![CDATA[washington county]]></category>
		<guid isPermaLink="false">https://excelcres.com/?p=78237</guid>

					<description><![CDATA[]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper"><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-27"><div class="row double-top-padding no-bottom-padding single-h-padding limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="vc_row vc_custom_1627670803273 row-internal row-container boomapps_vcrow" style="margin-bottom: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-middle pos-center align_left column_child col-lg-4 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1634141877911 boomapps_vccolumn border-color-124033-color no-block-padding" style="border-style: solid;border-right-width: 1px ;" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-78197" src="https://excelcres.com/wp-content/uploads/2021/10/larkin-logo_black_red.png" width="500" height="225" alt="Larkin industrial group logo" srcset="https://excelcres.com/wp-content/uploads/2021/10/larkin-logo_black_red.png 500w, https://excelcres.com/wp-content/uploads/2021/10/larkin-logo_black_red-300x135.png 300w" sizes="(max-width: 500px) 100vw, 500px" /></div>
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				</div></div></div></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-8 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  vc_custom_1634143563631 boomapps_vccolumn no-block-padding" style="padding-top: 10px ;padding-right: 10px ;padding-bottom: 10px ;padding-left: 10px ;" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ><h2 class="h2 fontheight-179065 text-color-124033-color" ><span></p></span><span><h5 style="line-height: 1.5; margin-top: 0;">5445 E. North Belt Rd, North Las Vegas, NV 89115</h5></span><span><h2 style="color: #af2d37; line-height: 1.5; margin-top: 0;">NAI Helps Disrupt Industry</h2></span><span><h5 style="line-height: 1.5; margin-top: 0;">±114,610 SF Leased</h5></span><span><p></span></h2></div><div class="clear"></div></div></div></div></div></div></div></div></div></div><div class="vc_row vc_custom_1634144742996 row-internal row-container boomapps_vcrow" style="margin-bottom: 0px ;padding-top: 0px ;padding-right: 0px ;padding-bottom: 0px ;padding-left: 0px ;"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn single-block-padding style-color-124033-bg" ><div class="uncont" ><div class="uncode_text_column text-lead text-color-xsdn-color" ><p><span style="font-size: 44px; font-weight: bold; line-height: 1;">&#8220;</span>When we planned a west coast manufacturing facility, we trusted NAI Global for market expertise in Las Vegas, NV. Mike Kenny and his team at NAI Vegas were referred and did not disappoint. Evanesce secured an ideal North Las Vegas location, in a hyper-competitive market, and signed before a significant increase in rental rates.<span style="font-size: 44px; font-weight: bold; line-height: 1;">&#8220;</span></p>
<p><span style="font-size: 14px;">&#8211; Scott Duddy, Chief Operating Officer | Evanesce Packaging Solutions</span></p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_center column_child col-lg-4 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Challenge.</h2>
<p>
</div><div class="clear"></div></div><div class="uncode_text_column" ><p>At Evanesce, developing innovative technologies to replace single-use plastics and Styrofoam gained significant momentum. To meet the growing demands of sustainable packaging alternatives, they needed distribution centers from coast to coast.</p>
</div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_center column_child col-lg-4 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn border-color-jevc-color no-block-padding" style="border-style: solid;" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Action.</h2>
<p>
</div><div class="clear"></div></div><div class="uncode_text_column" ><p>The leadership at Evanesce looked to NAI Global for logistics expertise on the west coast. The NAI global network of real estate professionals was the perfect resource for site selection. They selected Las Vegas, NV, NAI Vegas, and the Larkin Industrial Group.</p>
</div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_center column_child col-lg-4 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="vc_custom_heading_wrap "><div class="heading-text el-text" ></p>
<h2>Results.</h2>
<p>
</div><div class="clear"></div></div><div class="uncode_text_column" ><p>Evanesce will disrupt the $980 billion packaging industry with innovative solutions for consumers, the food industry, and the planet from a new NLV location. Their new facility is under construction and will be ready for Q1 2022 operations.</p>
</div></div></div></div></div></div></div></div></div><span class="btn-container btn-block" ><a role="button"  href="https://excelcres.com/wp-content/uploads/2021/10/Evanesce-CART.pdf" class="custom-link btn border-width-0 buttonborder btn-color-676399 btn-block btn-icon-left" target="_blank">Download PDF</a></span></div></div></div></div></div><script id="script-row-unique-27" data-row="script-row-unique-27" type="text/javascript" class="vc_controls">UNCODE.initRow(document.getElementById("row-unique-27"));</script></div></div></div><div data-parent="true" class="vc_row row-container boomapps_vcrow" id="row-unique-28"><div class="row limit-width row-parent"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_parent col-lg-12 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light"  ><div class="uncoltable"><div class="uncell  boomapps_vccolumn" ><div class="uncont no-block-padding col-custom-width" style=" max-width:804px;" ><div class="empty-space empty-half" ><span class="empty-space-inner"></span></div>
<div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/eric-larkin-2/" title="Eric Larkin"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-75474" src="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg" width="2560" height="2560" alt="Eric Larkin real estate headshot" srcset="https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-scaled.jpg 2560w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-780x780.jpg 780w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-2048x2048.jpg 2048w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-1536x1536.jpg 1536w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-75x75.jpg 75w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-350x350.jpg 350w, https://excelcres.com/wp-content/uploads/2023/04/1H4A7784_Eric-Larkin-348x348.jpg 348w" sizes="(max-width: 2560px) 100vw, 2560px" /></div>
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<h2><a href="https://excelcres.com/our-team/eric-larkin-2/">Eric Larkin</a></h2>
<p>Mr. Larkin joined NAI Vegas in 2013 with 7 years of experience coming from a regional brokerage firm specializing in representing institution landlords, REITs, insurance companies, lenders, receivers, and developers. Mr. Larkin’s extensive knowledge and understanding of investment analysis, property valuations, and lease negotiations has resulted in the completion of over 100 million dollars in transactions including leases, REO and distressed debt sales, trustee sales, and short sales.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/michael-kenny/" title="Michael Kenny"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-54318" src="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg" width="274" height="274" alt="Michael Kenny - commercial real estate agent" srcset="https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square.jpg 274w, https://excelcres.com/wp-content/uploads/2017/06/mikekenny-square-150x150.jpg 150w" sizes="(max-width: 274px) 100vw, 274px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/michael-kenny/">Michael Kenny</a></h2>
<p>Michael is well versed in Real Estate and brings a unique background of finance and civil construction to his clients along with proven results and an unrivaled level of service. He works diligently with his clients to identify every opportunity, add value, and continually cultivates each relationship to help achieve their goals.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/leslie-houston/" title="Leslie Houston"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-73594" src="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg" width="1500" height="1500" alt="Leslie Houston - Commercial real estate agent in Las Vegas" srcset="https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square.jpg 1500w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-300x300.jpg 300w, https://excelcres.com/wp-content/uploads/2018/05/Leslie-Houston_square-1024x1024.jpg 1024w" sizes="(max-width: 1500px) 100vw, 1500px" /></div>
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				</div></div></div></a></div></div></div></div></div></div></div><div class="wpb_column pos-top pos-center align_left column_child col-lg-9 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode_text_column" ></p>
<h2><a href="https://excelcres.com/our-team/leslie-houston/">Leslie Houston</a></h2>
<p>Leslie Houston joined NAI in 2018 after seven years of experience with a third party commercial real estate database, formerly known as one of the Top 2 commercial real estate information providers.  Leslie came to Vegas with an extensive real estate network from coast to coast.  She possesses a very unique subset of skills which includes all property types, all listing types, analytics, and research.  Coaching, supervision, and customer service have been major components throughout Leslie’s career and are proving to directly relate to her new role within the Larkin Industrial Group.</p>
</div></div></div></div></div></div></div></div></div><div class="vc_row row-internal row-container boomapps_vcrow"><div class="row row-child"><div class="wpb_row row-inner"><div class="wpb_column pos-top pos-center align_left column_child col-lg-3 boomapps_vccolumn single-internal-gutter"><div class="uncol style-light" ><div class="uncoltable"><div class="uncell  boomapps_vccolumn no-block-padding" ><div class="uncont" ><div class="uncode-single-media  text-left"><div class="single-wrapper" style="max-width: 100%;"><a class="single-media-link" href="https://excelcres.com/our-team/erik-sexton/" title="Erik Sexton"><div class="tmb tmb-light  tmb-media-first tmb-media-last tmb-content-overlay tmb-no-bg"><div class="t-inside"><div class="t-entry-visual"><div class="t-entry-visual-tc"><div class="uncode-single-media-wrapper"><img decoding="async" class="wp-image-54625" src="https://excelcres.com/wp-content/uploads/2015/11/Eric-Sexston_Square.jpg" width="1736" height="1736" alt="Erik Sexton - Commercial real estate agent in Las Vegas" srcset="https://excelcres.com/wp-content/uploads/2015/11/Eric-Sexston_Square.jpg 1736w, https://excelcres.com/wp-content/uploads/2015/11/Eric-Sexston_Square-150x150.jpg 150w, https://excelcres.com/wp-content/uploads/2015/11/Eric-Sexston_Square-300x300.jpg 300w, https://excelcres.com/wp-content/uploads/2015/11/Eric-Sexston_Square-1024x1024.jpg 1024w" sizes="(max-width: 1736px) 100vw, 1736px" /></div>
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<h2><a href="https://excelcres.com/our-team/erik-sexton/">Erik Sexton</a></h2>
<p>Erik Sexton joined NAI Vegas in 2017 as a Senior Vice President and Industrial Specialist. He has more than 14 years experience in the leasing and sales of industrial and office spaces. During his real estate career, Mr. Sexton has represented a diverse segment of location and national companies that include Genesis Gaming, SME Steel, Ice Now, High Impact Signs, Next Century Rebar, JAMO Performance Exhaust, Chicago Exhibit Productions, Coca Cola, and 99 Cent Stores Only.. As a licensed agent, he has brokered more than 1.8 million square feet of commercial space totaling more than $179 million.</p>
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<h2><a href="https://excelcres.com/our-team/bryan-houser/">Bryan Houser</a></h2>
<p>Bryan specializes in the representation of landlords and tenants in the leasing, acquisition, and disposition of Industrial and Office properties throughout Southern Nevada and the Southwestern U.S. He recently completed the NAIOP Developing Leaders program and attributes much of his success to his “client first” focus; ensuring that his clients’ needs are placed above all others and the outcomes are in their best interest. “I get satisfaction from providing a smooth successful transaction for my Landlord, Tenant and Investment clients, and in knowing they are satisfied with the outcome of the deal.”</p>
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<h4><em>About NAI Vegas and NAI Excel</em></h4>
<p>NAI Excel and NAI Vegas are leading providers of commercial Real Estate Services in the West. Operating as NAI Vegas in Nevada, and NAI Excel in Utah and Idaho, we are part of the NAI Global network covering nearly every major market nationally and across the globe. Serving both urban and rural markets, we leverage our resources to help you excel in your real estate goals. When you work with one of our team, you get the benefit of working with all of us.</p>
<p><em><strong>About NAI Global</strong></em></p>
<p>NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.</p>
<p>NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit <a href="http://www.naiglobal.com">http://www.naiglobal.com</a></p>
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