| Indicator | Las Vegas Valley |
City of Henderson |
City of Las Vegas |
City of North Las Vegas |
Unincorp. Clark County |
|---|---|---|---|---|---|
| Office Market Inventory (SF) | 57,700,960 | 7,574,315 | 21,188,798 | 1,331,262 | 27,606,585 |
| Office Market Vacant Space (SF) | 9,008,109 | 1,326,948 | 3,078,829 | 154,423 | 4,447,909 |
| Office Market Vacancy Rate | 12.2% | 17.5% | 14.5% | 11.6% | 16.1% |
| Office Market Avg. Asking Rents PSF | $2.59 | $2.21 | $2.16 | $1.84 | $2.23 |
| Office Market Completions (SF) | 0 | 0 | 0 | 0 | 0 |
| Office Market Net Absorption (SF) | -164,724 | -35,618 | -168,752 | -3,515 | 43,161 |
| Office Market Planned Space (SF) | 1,666,318 | 128,086 | 0 | 0 | 1,538,232 |
| Office Market Under Construction Space (SF) | 828,000 | 580,000 | 248,000 | 0 | 0 |
Source: CBRE Note: Industrial and flex buildings exclude data centers. Properties are considered under construction once site excavation or foundation work has commenced. Historical data may reflect changes in methodology. 1Asking rents are expressed on a per-square-foot, per-month basis. NNN stands for triple net, meaning the tenant is responsible for property taxes, insurance, and maintenance.
| Indicator | Las Vegas Valley | City of Henderson | City of Las Vegas | City of North Las Vegas | Unincorp. Clark County |
|---|---|---|---|---|---|
| Industrial Market Inventory (SF) | 168,679,974 | 21,996,676 | 8,997,169 | 55,733,804 | 81,952,325 |
| Industrial Market Vacant Space (SF) | 13,271,649 | 1,246,305 | 439,632 | 6,445,941 | 5,139,771 |
| Industrial Market Vacancy Rate | 6.3% | 5.7% | 4.9% | 11.6% | 6.3% |
| Industrial Market Completions (SF) | 4,860,632 | 0 | 0 | 4,785,932 | 74,700 |
| Industrial Market Net Absorption (SF) | 2,451,563 | -106,447 | 11,640 | 2,390,322 | 156,048 |
| Industrial Market Avg. Asking Rents PSF | $1.02 | $0.84 | $0.81 | $0.58 | $0.97 |
| Industrial Market Planned Space (SF) | 11,797,146 | 4,032,080 | 0 | 5,996,000 | 1,769,066 |
| Industrial Market Under Construction Space (SF) | 10,650,203 | 2,157,768 | 0 | 4,202,128 | 4,290,307 |
Source: CBRE Note: Office buildings include those that are 10,000 square feet or larger and exclude owner-user/single-tenant and government-owned properties. Buildings are considered under construction if site excavation or foundation work has commenced. Historical data may reflect changes in methodology. 1Asking rents are expressed on a per-square-foot, per-month basis. FSG stands for full-service gross.
| Indicator | Las Vegas Valley | City of Henderson | City of Las Vegas | City of North Las Vegas | Unincorp. Clark County |
|---|---|---|---|---|---|
| Retail Market Inventory (SF) | 55,691,342 | 10,093,325 | 17,357,742 | 5,041,595 | 23,198,680 |
| Retail Market Vacant Space (SF) | 3,194,265 | 423,584 | 887,072 | 318,195 | 1,565,414 |
| Retail Market Vacancy Rate | 5.7% | 4.2% | 5.1% | 6.3% | 6.7% |
| Retail Market Completions (SF) | 0 | 0 | 0 | 0 | 0 |
| Retail Market Net Absorption (SF) | 152,652 | 46,812 | -4,714 | 24,805 | 85,749 |
| Retail Market Avg. Asking Rents PSF | $1.88 | $1.67 | $1.98 | $1.98 | $1.83 |
| Retail Market Under Construction Space (SF) | 496,970 | 45,000 | 0 | 0 | 451,970 |
| Retail Market Planned Space (SF) | 1,241,097 | 292,537 | 137,500 | 213,204 | 597,856 |
Source: CBRE Note: Retail buildings or shopping centers are defined as properties with a cumulative size of 5,000 square feet or more. Properties located within the resort corridor and regional malls are excluded. Properties are considered under construction once site excavation or foundation work has commenced. Historical data may reflect changes in methodology. 1Asking rents are expressed on a per-square-foot, per-month basis. NNN stands for triple net, meaning the tenant is responsible for property taxes, insurance, and maintenance.
