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 54,435,849 7,019,624 21,273,016 1,250,379 24,892,830
Office Market Vacant Space 10,756,264 1,463,340 3,625,830 251,784 5,415,310
Office Market Vacancy Rate 19.8% 20.8% 17.0% 20.1% 21.8%
Office Market Avg. Asking Rents PSF $1.90 $2.02 $1.88 $1.68 $1.85
Office Market Completions 106,351 0 106,351 0 0
Office Market Net Absorption 275,411 -47,702 201,916 3,776 117,421
Office Market Planned Space 1,708,521 125,000 444,536 0 1,138,985
Office Market Under Construction Space 635,072 145,364 15,286 0 474,422