Below are a few of the key points regarding the Northern Nevada office market in Q3:
- In Q3, there was 105,000 square feet of space absorbed by local economic growth
- This number almost quadrupled absorbtion quarter over quarter
- This number nearly tripled absorbtion in all of 2012
- The overall vacancy rate is down to 13.9%·
- The South Meadows submarket led with 46,000 net square feet
- The downtown submarket absorbed nearly 30,000 net square feet
To read the entire report, click here.