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 57,098,502 7,570,050 21,066,798 1,319,262 27,142,392
Office Market Vacant Space 8,832,665 1,243,343 3,096,638 165,246 4,327,438
Office Market Vacancy Rate 15.1% 16.4% 14.7% 12.5% 15.9%
Office Market Avg. Asking Rents PSF $2.24 $2.21 $2.16 $1.84 $2.23
Office Market Completions 434,613 0 0 0 434,613
Office Market Net Absorption 197,454 87,958 -48,344 0 157,840
Office Market Planned Space 2,940,743 130,511 0 1,312,000 1,498,232
Office Market Under Construction Space 1,264,203 678,010 122,000 0 464,193