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 55,018,477 7,115,818 21,435,417 1,280,741 25,186,501
Office Market Vacant Space 10,397,746 1,376,065 3,637,556 246,352 5,137,773
Office Market Vacancy Rate 18.9% 19.3% 17.0% 19.2% 20.4%
Office Market Avg. Asking Rents PSF $1.95 $2.08 $1.97 $1.48 $1.91
Office Market Completions 116,971 83,000 0 0 33,971
Office Market Net Absorption 386,043 173,636 101,777 1,036 109,594
Office Market Planned Space 1,655,004 30,000 438,364 0 1,186,640
Office Market Under Construction Space 800,847 157,364 52,013 0 591,470