Applied Analysis: Las Vegas Commercial Market Monitor

Home | Contact Us | Site Map | Links | Login

Reports and Presentations

Good data is the foundation of any analysis. We go to great lengths not only to be an information resource but to decipher its underlying trends. Our team tracks all types of market information, from socio-economic profiles to retail center vacancies. These data are key to understanding where a market has been and where it is likely to be 1, 10, or 20 years into the future. Below, we have provided a brief overview of some of the information we collect, review, and analyze on an ongoing basis.

Commercial Market Monitor

Published Quarterly

First Quarter 2010 Report:
From surging equity markets to stronger expansion in manufacturing, broader economic indicators continued to improve during the first quarter of 2010. While these and other leading indicators continue to advance, the question plaguing the Las Vegas valley is, when is it our turn? A train must let out slack before it can begin pulling and moving forward from the station – our economic engine is no different. Just as it has been doing for two years, Las Vegas’ commercial markets continue to let out slack, a phenomenon witnessed during the first quarter of 2010 as negative net...

Fourth Quarter 2009 Report:
After nearly two years of decline, we have begun to see signs of life, and not the kind reported around Area 51, but life of the economic sort. With reports of visitor volume up three consecutive months (November being latest data available), gaming revenue increasing for the first time in 23 months, existing home prices rising, and Las Vegas no longer leading the nation in foreclosures, you would think residents were awash in the Great Recovery. That is if the labor market, taxable retail sales, consumer confidence, and a myriad of other gauges were not so grim. A few of those dour indicators...

Third Quarter 2009 Report:
Las Vegas' rising unemployment rate, currently at 13.4 percent, continues to be an indication that business owners are scaling back while the commercial and industrial markets find themselves at the forefront of the consequences. Contraction in the real estate market feels even more challenged following peak levels of growth prior to the start of the recession. With limited projects remaining under construction, the build-it-and-they-will-come mentality has gone the way of pillbox hats, Benny Goodman, and your grandmother's dance card. Closing deals in a saturated market is requiring...

Second Quarter 2009 Report:
Similar to the residential housing market, building owners are increasingly finding themselves under water as property values and raw land prices contract. At the same time, developers and landlords continue to hold their breath while the Las Vegas commercial and industrial markets try to find the bottom in one of the worst local and national recessions in memory. The office market continues to be impacted by reductions in office-using employment as the amount of occupied office space retreated to levels not seen since mid-2007. Businesses are no longer demanding the space they once required as...

First Quarter 2009 Report:
Contraction in local and national economic activity has accelerated the decline in Las Vegas’ commercial and industrial markets through the first quarter of 2009. Office, industrial, and retail sectors all reported negative net absorption during the same reporting period for the first time in recent history. Many businesses have pulled back on planned expansions, downsized operations or simply closed their doors. Vacancy rates in the office market have continued to climb as new speculative supply entered the market exerting pressure on property owners to lower rents and increase concessions...

Fourth Quarter 2008 Report:
The Las Vegas commercial and industrial markets are not immune to the realities of a declining economy and lack of liquidity. The office market has been impacted by a slowdown from the above-average growth reported in the construction, professional and business services and government segments, which helped fuel he Las Vegas commercial and industrial markets are not immune to the realities of a declining economy and lack of liquidity. The office market has been impacted by a slowdown from the above-average growth reported in the construction, professional and business services and government segments, which helped fuel...

Third Quarter 2008 Report:
Concerns over a global recession, volatile public markets and local economic uncertainty have business owners and executives responding cautiously either by choice or necessity. Company closures and cutbacks have become more commonplace than business expansions and investments. From a consumer perspective, spending remains sluggish, housing value declines have accelerated, and the employment market has shifted as layoffs have become noteworthy in nearly every sector. Following a period of unsustainable expansions within the Las Vegas commercial markets, vacancies escalated across all sectors as market demand failed to keep pace....

Las Vegas Perspective

Applied Analysis was selected as the Executive Director of the Las Vegas Perspective to research, analyze and report on the market's performance. The book is the market's primary economic development and information resource tool... Read More »

Clark County Monitoring Program

The Clark County Community Growth Task Force retained Applied Analysis to assist it in reviewing the costs and benefits of numerous growth management strategies. As part of this effort, Applied Analysis was asked to bring forth a series of community indicators that might provide a foundation for on-going discussions and from which community changes could be monitored. The Community Indicators Program was designed specifically to meet this end... Read More »

Career Opportunities

There is no more exciting place to be than where people are creating the future and improving the way the world lives and works. A career with us is about creating this future - yours, our clients' and ours. Read More »

SOUTHERN NEVADA INDICATORS

The Applied Analysis
Las Vegas Market Reports

Applied Analysis provides the most comprehensive reports on the Las Vegas markets:
• Office • Industrial • Retail	• Apartment • Vacant Land

These reports include information on inventories, vacancies, absorption, lease rates, and planned and under construction projects. In addition to a building-by-building analysis of surveyed properties, we also provide subscribers with a summary matrix outlining performance at the submarket level.