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 57,319,910 7,574,315 21,136,798 1,331,262 27,277,535
Office Market Vacant Space 8,526,915 1,243,343 3,096,638 165,246 4,327,438
Office Market Vacancy Rate 14.9% 16.8% 13.8% 11.8% 15.3%
Office Market Avg. Asking Rents PSF $2.28 $2.21 $2.21 $1.85 $2.37
Office Market Completions 61,510 0 0 0 434,613
Office Market Net Absorption 74,643 87,958 -48,344 0 157,840
Office Market Planned Space 2,923,818 130,511 0 1,312,000 1,498,232
Office Market Under Construction Space 1,003,550 678,010 122,000 0 464,193