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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