Thursday, June 21, 2018

The Las Vegas Valley’s office market has charged forward on a path toward expansion and recovery with areas such as Summerlin exploding with development and demand as users seek well-located offices in amenity-rich areas.

Summerlin developer Howard Hughes Corp. is closing in on a fall completion of its six-story Class A office tower under development in the Downtown Summerlin area. But already, the 152,300-square-foot project has attracted a heavy interest from potential users and garnered significant preleasing activity.

“We’ve got significant preleasing — more preleasing than I’ve ever seen in any other office than I’ve been involved in,” said Summerlin President Kevin Orrock, a Howard Hughes executive, who has been in the organization for more than four decades. “We’ve got interest in almost every square foot in the office building.”