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Henderson’s commercial development bounces back

November 14, 2016 | Las Vegas Business Press | Buck Wargo

Commercial development is bouncing back in Henderson, led by a resurgence in industrial projects to meet the needs of employers expanding or relocating to Southern Nevada. Through the end of September, Henderson issued $140.7 million in permits for commercial projects. That’s double the $72 million issued through the same period in 2015. The amount of construction reported by the city through the end of its fiscal year June 30 totals more than 3 million square feet of permits. By comparison, there were 652,153 square feet of construction permits in the year ending June 2013. Industrial development is leading the way, and based on the statistics from research firm Applied Analysis, that shouldn’t be a surprise. Henderson reported the lowest industrial vacancy rate in the valley at 4.1 percent compared to a valleywide average of 7 percent, said Applied Analysis Principal Brian Gordon.

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