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 56,389,543 7,438,502 21,375,278 1,273,662 26,302,101
Office Market Vacant Space 8,112,868 1,182,857 2,694,034 170,968 4,065,009
Office Market Vacancy Rate 14.4% 15.9% 12.6% 13.4% 15.5%
Office Market Avg. Asking Rents PSF $2.05 $2.10 $2.08 $1.83 $1.98
Office Market Completions 179,227 23,832 0 0 155,395
Office Market Net Absorption 166,700 -1,199 83,336 -1,368 85,931
Office Market Planned Space 2,023,282 199,000 26,996 12,000 1,785,286
Office Market Under Construction Space 349,600 135,000 0 29,600 185,000