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The Industrial Market
Vacancy Rate in Las Vegas is 3.5%. This market is very
tight.
Total Industrial
Inventory in the Las Vegas Valley is 92 million square feet as
of Q3 2006.
4 million square feet of industrial space is currently under
construction.
Average Monthly Base
Rent for all categories of Industrial space is $.76 per square
foot per month.
Total Employment in the
Las Vegas Valley increased by 5.3% over the past 12 months and
is expected to continue increasing at 5% per year over the
next few years.
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