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 55,593,539 7,230,705 21,339,708 1,324,662 25,698,464
Office Market Vacant Space 9,950,743 1,312,025 3,511,426 240,494 4,886,798
Office Market Vacancy Rate 17.9% 18.1% 16.5% 18.2% 19.0%
Office Market Avg. Asking Rents PSF $1.98 $2.06 $2.02 $1.70 $1.95
Office Market Completions 270,000 50,000 0 0 220,000
Office Market Net Absorption 286,136 32,292 -37,768 21,919 269,693
Office Market Planned Space 2,447,159 188,832 1,062,464 0 1,195,863
Office Market Under Construction Space 470,650 145,000 46,093 0 279,557