The trend of slowing industrial rent growth continues to play out in Las Vegas. No submarket exceeded 3% annual growth as of early December, and the market average was 2.2%. Las Vegas will likely record its ninth straight quarter of annual rent declines after peaking at 14.5% in the second quarter of 2022.
Industrial rent growth continues to decelerate across Las Vegas
New construction and unimpressive demand loom over industrial sector’s outlook
CoStar Analytics
December 10, 2024 | 5:09 P.M.
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