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 55,819,089 7,324,044 21,279,428 1,273,662 25,941,955
Office Market Vacant Space 8,612,197 1,229,953 2,975,663 187,675 4,218,906
Office Market Vacancy Rate 15.4% 16.8% 14.0% 14.7% 16.3%
Office Market Avg. Asking Rents PSF $2.02 $2.11 $2.07 $1.75 $1.98
Office Market Completions 124,705 0 0 0 124,705
Office Market Net Absorption 112,680 2,947 22,829 9,635 77,269
Office Market Planned Space 2,438,019 45,000 264,096 0 2,128,923
Office Market Under Construction Space 446,614 173,832 16,232 0 256,550