Office, Industrial & Retail Market

Office Market

Indicator Las vegas
valley
City of
henderson
city of
las vegas
city of
north las vegas
unincorp.
clark county
Office Market Inventory 55,941,509 7,315,705 21,339,708 1,324,662 25,961,434
Office Market Vacant Space 9,905,503 1,319,778 3,415,416 241,620 4,928,689
Office Market Vacancy Rate 17.7% 18.0% 16.0% 18.2% 19.0%
Office Market Avg. Asking Rents PSF $2.00 $2.06 $2.04 $1.61 $1.97
Office Market Completions 339,557 85,000 0 0 254,557
Office Market Net Absorption 323,052 74,664 80,054 -1,126 169,460
Office Market Planned Space 2,324,272 165,000 1,062,464 0 1,096,808
Office Market Under Construction Space 256,136 83,832 36,599 0 135,705