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 55,406,535 7,180,705 21,472,364 1,324,662 25,428,804
Office Market Vacant Space 10,135,194 1,311,861 3,563,061 262,413 4,997,859
Office Market Vacancy Rate 18.3% 18.3% 16.6% 19.8% 19.7%
Office Market Avg. Asking Rents PSF $1.96 $2.07 $1.99 $1.67 $1.92
Office Market Completions 62,364 62,364 0 0 0
Office Market Net Absorption 148,651 42,321 78,918 3,184 24,228
Office Market Planned Space 2,179,227 165,000 938,364 0 1,075,863
Office Market Under Construction Space 679,783 150,000 30,226 0 499,557