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 57,553,960 7,574,315 21,188,798 1,331,262 27,459,585
Office Market Vacant Space 8,584,516 1,291,781 2,910,439 151,608 4,230,688
Office Market Vacancy Rate 14.9% 17.1% 13.7% 11.4% 15.4%
Office Market Avg. Asking Rents PSF $2.30 $2.21 $2.16 $1.84 $2.23
Office Market Completions 234,050 0 52,000 0 182,050
Office Market Net Absorption 208,389 -9,361 88,222 5,632 114,130
Office Market Planned Space 1,623,818 85,586 0 0 1,538,232
Office Market Under Construction Space 769,500 622,500 0 0 147,000