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Presented at: Forecast 2014 Southern Nevada's Commercial Market Landscape January 16, 2014

S OUTHERN NEVADA’s. C OMMERCIAL R EAL E STATE M ARKETS. Presented at: Forecast 2014 Southern Nevada's Commercial Market Landscape January 16, 2014. INDUSTRIAL MARKET. Las Vegas Valley Submarket Inventory Map Industrial Market. The Industrial market continues to stabilize,

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Presented at: Forecast 2014 Southern Nevada's Commercial Market Landscape January 16, 2014

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  1. SOUTHERN NEVADA’s COMMERCIAL REAL ESTATE MARKETS Presented at: Forecast 2014 Southern Nevada's Commercial Market Landscape January 16, 2014

  2. INDUSTRIAL MARKET

  3. Las Vegas Valley Submarket Inventory Map Industrial Market

  4. The Industrial market continues to stabilize, significant improvements during 2013. Industrial Vacancy & Asking Rents: 2003 - 2013

  5. Vacancy varies by Product & Submarket. Lowest in Light Industrial & in West Central. Product Type Comparison Submarket Comparison

  6. Industrial Absorption & Completions: 2003 - 2013

  7. The Most Critical Industrial Chart Distribution of Industrial Available Space Units, by Size Category: Q4 2013

  8. Industrial Market Years of Supply Until 10% Stabilized Vacancy 2MSF to absorb reach stabilized Vacancy-10%

  9. OFFICE MARKET

  10. Las Vegas Valley Submarket Inventory Map Office Market

  11. The Office market made some headway in 2013 but it remains the weakest of the 3 markets. Spec Office Vacancy & Asking Rents: 2003 - 2013

  12. Vacancy highest in Class A and in E. LV & West Central. Product Type Comparison Submarket Comparison

  13. Office Absorption & Completions: 2003 - 2013

  14. Spec Office Market Years of Supply Until 10% Stabilized Vacancy 6.1 MSF to absorb until reaching stabilized vacancy-10% **Assuming UC space enters the market with vacancy at existing rate.

  15. RETAIL MARKET

  16. Las Vegas Valley Submarket Inventory Map Retail Market

  17. The anchored retail market is has improved, due to rising consumer spending. Anchored Retail Vacancy & Asking Rents: 2003 - 2013

  18. Vacancy highest in Neighborhood Centers and in & West Central. Product Type Comparison Submarket Comparison

  19. Retail Absorption & Completions: 2003 - 2013

  20. Anchored Retail Market Years of Supply Until 10% Stabilized Vacancy 1 MSF to absorb until reaching stabilized vacancy-10% **Assuming UC space enters the market with vacancy at existing rate.

  21. Questions Sources: RCG Economics.

  22. Contact:John Restrepo702-967-3188jrestrepo@rcg1.comwww.rcg1.com Twitter: @rcgeconomics

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