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 54,785,956 7,019,624 21,345,423 1,268,379 25,152,530
Office Market Vacant Space 10,580,983 1,430,833 3,669,784 230,583 5,249,783
Office Market Vacancy Rate 19.3% 20.4% 17.2% 18.2% 20.9%
Office Market Avg. Asking Rents PSF $1.94 $2.06 $1.97 $1.64 $1.91
Office Market Completions 257,286 0 15,286 18,000 224,000
Office Market Net Absorption 413,559 74,034 49,734 23,864 265,927
Office Market Planned Space 1,612,746 90,000 444,536 0 1,078,210
Office Market Under Construction Space 661,679 180,364 15,614 0 465,701