• The Las Vegas industrial market was relatively stable for Q2 2020 posting nearly 1.7 million sq. ft. of net absorption, and a 20-basis point decrease in vacancy to 3.4%.
  • New completions totaled more than 1.4 million sq. ft., with 75% of new completions pre-leased.
  • Nearly 750,000 sq. ft. of new development broker ground in Q2 2020.
  • The average asking lease rate was unchanged from the previous quarter at $0.78 per sq. ft. per month, NNN.