• Easing COVID-19 restrictions in Clark County, renewed retailer optimism resulting in an increase in demand for retail space pushing net absorption to 171,425 sq. ft. in Q2 2021.
  • Leasing activity continued to be strong by restaurants, gyms, home improvement stores, and hard goods retailers.
  • The overall direct vacancy rate decreased by 20 basis points, from Q1 2021, to 6.5%.
  • There was more than 615,000 sq. ft. of space under construction, during Q2 2021, all concentrated in the Southeast and Southwest submarkets.