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 55,297,107 7,115,818 21,462,009 1,280,741 25,438,539
Office Market Vacant Space 10,332,608 1,342,484 3,671,549 243,258 5,075,317
Office Market Vacancy Rate 18.7% 18.9% 17.1% 19.0% 20.0%
Office Market Avg. Asking Rents PSF $1.95 $2.09 $1.98 $1.49 $1.90
Office Market Completions 224,477 0 21,787 0 202,690
Office Market Net Absorption 328,353 30,464 19,855 6,932 271,102
Office Market Planned Space 2,113,004 30,000 938,364 0 1,144,640
Office Market Under Construction Space 633,370 172,364 30,226 0 430,780