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 56,481,748 7,550,302 21,139,405 1,319,262 26,472,779
Office Market Vacant Space 9,209,186 1,283,320 3,063,813 220,110 4,641,943
Office Market Vacancy Rate 16.3% 17.0% 14.5% 16.7% 17.5%
Office Market Avg. Asking Rents PSF $2.11 $2.20 $2.04 $1.88 $2.07
Office Market Completions 18,000 0 0 0 18,000
Office Market Net Absorption 83,166 14,289 44,956 1,073 22,848
Office Market Planned Space 2,029,474 139,586 18,986 12,000 1,858,902
Office Market Under Construction Space 1,172,123 342,500 0 70,000 759,623