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 56,460,543 7,550,302 21,374,650 1,273,662 26,261,929
Office Market Vacant Space 8,367,665 1,242,690 2,800,962 187,128 4,136,885
Office Market Vacancy Rate 14.8% 16.5% 13.1% 14.7% 15.8%
Office Market Avg. Asking Rents PSF $2.05 $2.14 $2.05 $1.84 $2.03
Office Market Completions 135,000 135,000 0 0 0
Office Market Net Absorption -95,424 86,713 -93,680 -16,160 -72,297
Office Market Planned Space 1,703,638 199,000 26,996 12,000 1,465,642
Office Market Under Construction Space 552,784 0 0 29,600 523,184