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 56,504,141 7,550,302 21,375,398 1,273,662 26,304,779
Office Market Vacant Space 8,949,079 1,349,199 3,057,715 194,974 4,347,191
Office Market Vacancy Rate 15.8% 17.9% 14.3% 15.3% 16.5%
Office Market Avg. Asking Rents PSF $2.05 $2.18 $2.02 $1.84 $2.03
Office Market Completions 35,000 0 0 0 35,000
Office Market Net Absorption -549,252 -99,963 -268,543 -7,846 -172,900
Office Market Planned Space 1,203,638 199,000 26,996 12,000 965,642
Office Market Under Construction Space 1,017,784 0 0 29,600 988,184