Las Vegas industrial outlook: Climbing deliveries and falling vacancy
![Bar chart displaying Las Vegas CRE deliveries and total vacancies from 2021 to 2023](/documents/191207401/193608879/Las+Vegas+Data+Bite_Chart_05.25.2023.png/89956328-ac5e-7140-a218-d719e1de312f?t=1685034455295)
With industrial development on the rise, the question of “Is there enough demand to accommodate the influx of new supply” has become a popular topic of discussion. It appears that the answer to the question is – if you build it, they will come. This is evidenced by the fact that average deliveries in the past 2-years (1,613,067 sf/quarter) are up 48.2% over their 10-year moving average of 1,088,136 sf/quarter, while average vacancy rates over the past 2-years have dropped to 2.8% - a 51.1% decrease from their 10-year moving average of 5.7%.
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