Las Vegas industrial outlook: Climbing deliveries and falling vacancy

With industrial development on the rise, the question of “Is there enough demand to accommodate the influx of new supply” has become a popular topic of discussion. It appears that the answer to the question is – if you build it, they will come. This is evidenced by the fact that average deliveries in the past 2-years (1,613,067 sf/quarter) are up 48.2% over their 10-year moving average of 1,088,136 sf/quarter, while average vacancy rates over the past 2-years have dropped to 2.8% - a 51.1% decrease from their 10-year moving average of 5.7%.