• The Las Vegas industrial market continued to expand by adding more than 1.3 million sq. ft. of new space.
  • Net absorption during Q1 2020 totaled 1.6 million sq. ft.
  • With demand out pacing new supply the direct vacancy rate decreased to 3.6%.
  • Nearly 700,000 sq. ft. of new projects broke ground during Q1 2020, with the total space under construction of 5.8 million sq. ft.