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BUSINESS & REAL ESTATE | MARKET TRENDS The Henderson commercial market added xx,000 square feet of completions during 2014. 24 Commercial Real Estate Supply Considerations / Henderson Market Area Existing Supply Future Supply Sector Total Inventory Vacant Inventory Under Construction Planned Office 13,290,000 3,278,000 0 473,000 Industrial 11,945,000 603,000 82,000 240,000 Retail 13,182,000 894,000 11,000 488,000 Total 38,417,000 4,775,000 93,000 1,201,000 Source: Applied Analysis Commercial Real Estate Snapshot / Henderson Market Office 2012 2013 2014 Vacancy Rate 27.7% 26.1% 24.7% Completions 128,000 46,000 0 Net Absorption 198,000 248,000 190,000 Industrial 2012 2013 2014 Vacancy Rate 10.7% 7.7% 5.0% Completions 0 0 70,000 Net Absorption 445,000 349,000 386,000 Retail 2012 2013 2014 Vacancy Rate 8.1% 8.4% 6.8% Completions 103,000 12,000 195,000 Net Absorption 237,000 -19,000 385,000 Source: Applied Analysis


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