• As a result of demand outpacing new supply the overall vacancy rate decreased to 14.6%, the lowest level since Q3 2007.
  • Total completions in 2018 was 416,614 sq. ft., with 143,890 sq. ft. under construction.
  • The first sizable co-working provider leased space in Q4 2018 at 49,876 sq. ft., in Two Summerlin.  Several other companies are looking at opening multiple locations throughout the market in 2019.