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 57,700,960 7,574,315 21,188,798 1,331,262 27,606,585
Office Market Vacant Space 9,008,109 1,326,948 3,078,829 154,423 4,447,909
Office Market Vacancy Rate 15.6% 17.5% 14.5% 11.6% 16.1%
Office Market Avg. Asking Rents PSF $2.34 $2.21 $2.16 $1.84 $2.23
Office Market Completions 0 0 0 0 0
Office Market Net Absorption -164,724 -35,618 -168,752 -3,515 43,161
Office Market Planned Space 1,666,318 128,086 0 0 1,538,232
Office Market Under Construction Space 828,000 580,000 248,000 0 0