LAS VEGAS -- Stores across the Las Vegas valley are getting ready for the holiday rush and for many shop owners this holiday season will be their first.
Store owners said they are growing more confident as the latest retail statistics show an upward trend.
According to research firm Colliers International, the Las Vegas retail market vacancy rate has decreased to 10.3 percent in the third quarter of 2012, down from its peak of 11.9 percent in the second and third quarters of 2011.
However, in the valley's retail submarkets, Henderson's vacancy rate is 0.2 percent higher for the year than the rest of the valley.
The northwest valley was the only submarket to have an increase in asking rents. Rents in the southwest remained stable, and rents in North Las Vegas and near the University of Nevada, Las Vegas decreased.