The NAI Alliance Retail Properties Group has released its Q3 2014 Northern Nevada Retail Market Report. Here are some of the salient points from the report:
- Overall vacancy rates increased to 16.76%
- Anchor space vacancy increased slightly to 13.96%
- In-line shops decreased in vacancy to 20.75%
- There were 17 tenants moving into space in Q3 2014 resulting in 53,221 square feet of new leases.
- In this quarter, net absorption was -37,411 square feet and gross absorption was 65,635 square feet.
- There were two significant sales
in the third quarter. The Del Monte Center and a set of retail properties on the NEC of Sparks Blvd. and Los Altos. Find more details in our
quarterly market report.
Please click here to download the entire report.
