• Robert S. Hatrak II of Virtus Commercial represented 701 Bridger, LLC in the lease of 1,835 square feet of office space at the Bridger Office Building,701 E. Bridger Avenue, Las Vegas, NV 89101. The tenant Conversion Media, LLC was represented by Dave Evenhouse and will occupy Suite 500. The total transaction value of this 36…Read More→

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  • Divine Touch BHS signed a 5-year $108,362 lease for 2,450 square feet of office space inside the Cheyenne Business Park at 3450 Cheyenne Avenue in North Las Vegas. Albright Callister’s Bryan Houser represented the lessor, Cheyenne Business Park LLC. The reported average rent equals 74 cents per square foot.

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  • Southern Nevada’s medical office vacancies stood at 18.3% in the fourth quarter, up 1.4 percentage points from a year earlier, said Colliers International research manager John Stater. There were no new completions with no new medical office products planned or under construction. However, medical office asking rents increased over the past year to $2.13 per…Read More→

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  • Southern Nevada’s office market has improved since the days of the Great Recession, but the recovery has not been particularly stable or powerful despite employment growth, said John Stater, Colliers International Las Vegas’s research director. The office market is experiencing increased competition from flexible non-office properties and a general trend towards occupying less office space…Read More→

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  • Southern Nevada medical office vacancy stood at 19.8% in the second quarter, which a 1% increase from one quarter ago and one year ago, says Colliers International research manager John Stater. The average medical office asking rent rose to $2.15 per square foot or 4 cents more than a quarter ago and one year ago….Read More→

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  • Southern Nevada’s office market improved during the second quarter, recording 444,818 square feet of net absorption that helped lower vacancy rates to 19.8%, which is two percentage points lower than a year ago, says Colliers International research manager Matt Stater. Asking lease rates, as a result, increased slightly to $1.87 per square foot on a full…Read More→

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  • Southern Nevada’s office market saw negative absorption in the second quarter after several quarters of positive movement, reports the Colliers International Las Vegas. Office net absorption was a negative 35,527 square feet in the second quarter, representing a year-over-year decrease of more than 230,000 square feet. Office vacancy now stands at 22.7%. Despite these negatives, there was 10,000 square…Read More→

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  • National firms made-up 28 percent of office space seekers in the third quarter, or 37 percent of the total office space taken, Colliers International Researcher John Stater said. California companies have stepped up their Southern Nevada presence since last quarter, accounting for 17 percent of all deals thus far in 2011. The most active industries have…Read More→

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  • The valley’s medical office market, like other real estate sectors, suffered in the third quarter from rising construction costs, a dampened economy and a glut of existing space, reports Commerce Real Estate Solutions, the local Cushman & Wakefield affiliate. Rising unemployment has also impacted medical office demand. Medical professionals are downsizing as workers loose benefits,…Read More→

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  • Nevada is starting to show signs of a stabilizing market and an optimistic economic outlook, says Commercial Real Estate Solutions, the local Cushman & Wakefield office. Year-to-date direct net absorption is in the positive for the first time since 2008. Tourism has increased, visitor volume is up, and conventions are up. Commercial Real Estate Solutions…Read More→

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