OFFICE, INDUSTRIAL & RETAIL MARKET clark county

OFFICE MARKETQ1 2016 CITY OF
HENDERSON
CITY OF
las vegas
CITY OF
north lv
Unincorporated
Clark County
las vegas area
INDUSTRIAL MARKET Q1 2016 CITY OF
HENDERSON
CITY OF
las vegas
CITY OF
north lv
Unincorporated
Clark County
las vegas area
RETAIL MARKET Q1 2016 CITY OF
HENDERSON
CITY OF
las vegas
CITY OF
north lv
Unincorporated
Clark County
las vegas area

Notes:

  • Inventory: Gross leasable area (GLA), or rentable area, as defined by the Building Owners and Managers Association (BOMA); excludes "flex" space (space in multi-tenant industrial buildings that is 100 percent office and that provides parking ratios required by office tenants). Source: Applied Analysis
  • Vacant Space: Space that is actively being marketed for lease or sale and available, excluding sub-lease space, at a particular point in time. Source: Applied Analysis
  • Vacancy Rate: The percentage of vacant inventory as a percentage of total inventory at a particular point in time. Source: Applied Analysis
  • Completions: New inventory additions during the reporting period; construction is substantially completed (may or may not have tenant build-outs completed). Source: Applied Analysis
  • Net Absorption: Reflects the net demand (in square feet) during the reporting period (change in occupied inventory from period to period). Source: Applied Analysis
  • Average Lease Rate: The average asking rents posted by landlords; quoted on a per square foot per month basis; all office rents are adjusted to full service gross (FSG) equivalents; varies from actual or contracted rents (excludes concessions). Source: Applied Analysis
  • Under Construction: Space actively under construction (ranging from site preparation to vertical construction). Source: Applied Analysis
  • Planned Construction: Space that is actively being marketed, entitled or programmed for future development; includes stalled projects that were under construction but have halted. Source: Applied Analysis
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