Fragile Office Market Shows Improvement

The valley’s still fragile office market showed signs of improvement in the first quarter, with over 1 million square feet of gross absorption, reports Colliers International Las Vegas. It marks the highest quarterly gross absorption in two years. Financial, business and legal services have snapped-up the bulk of office thus far in 2012, with local firms accounting for 68% of all activity. But a full recovery is still far away until job growth rebounds, says Colliers researcher John Stater. For the full report, CLICK HERE.