Valley Retail Market Surges in Second Quarter

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Southern Nevada’s retail market saw its fifth straight quarter of improvement at the end of June, reports Cushman & Wakefield-Commerce Real Estate Solutions. Valley retail had a 14% overall vacancy rate in the second quarter, which is 0.7% less than a year ago. As the retail market continues to recover and retailers continue to rent and build smaller spaces, vacancy in the next year is expected to remain stable in the high 13% to low 14% range. For the full report, CLICK HERE.