Rent Increase In First Quarter

Local property saw significant retail rents increase in the first quarter.

High demand for Las Vegas real estate in a supply constrained market pushed rent prices higher.

According to a report released by Applied Analysis, asking rent for local property was $1.75 per sq. ft. triple net in the first quarter.

There was a 6 cent increase over the previous quarter and a 13 cent increase from this time last year.

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