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 56,533,148 7,550,302 21,379,405 1,298,662 26,304,779
Office Market Vacant Space 9,230,790 1,374,176 3,260,643 210,948 4,385,023
Office Market Vacancy Rate 16.3% 18.2% 15.3% 16.2% 16.7%
Office Market Avg. Asking Rents PSF $2.06 $2.20 $2.03 $1.86 $2.04
Office Market Completions 20,000 0 0 20,000 0
Office Market Net Absorption -261,711 -24,977 -202,928 4,026 -37,832
Office Market Planned Space 1,548,638 199,000 26,996 12,000 1,310,642
Office Market Under Construction Space 652,784 0 0 9,600 643,184