Demand for commercial real estate could pick up in 2024

While Nevada’s economy is in good shape, the second half of 2023 saw demand for commercial and industrial real estate soften in the Las Vegas Valley despite strong employment growth, but demand could pick up in 2024, especially on the retail front that recorded one of its lowest vacancy rates since before the Great Recession, according to a report from commercial real estate brokerage Colliers International — Las Vegas.

Demand for commercial real estate could pick up in 2024
While Nevada’s economy is in good shape, the second half of 2023 saw demand for commercial and industrial real estate soften in the Las Vegas Valley despite strong employment growth, but demand could pick up in 2024, especially on the retail front that recorded one of its lowest vacancy rates since before the Great Recession, according to a report from commercial real estate brokerage Colliers International — Las Vegas.