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 55,944,277 7,336,685 21,333,820 1,324,662 25,949,110
Office Market Vacant Space 8,941,993 1,288,205 3,080,509 203,310 4,369,969
Office Market Vacancy Rate 16.0% 17.6% 14.4% 15.3% 16.8%
Office Market Avg. Asking Rents PSF $2.01 $2.09 $2.06 $1.74 $1.97
Office Market Completions 20,367 0 20,367 0 0
Office Market Net Absorption 366,510 35,399 156,662 -6,970 181,419
Office Market Planned Space 1,748,363 45,000 45,110 0 1,658,253
Office Market Under Construction Space 431,769 173,832 16,232 0 241,705