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COMMERCIAL

MARKET
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Las Vegas Market Area

Office Market Snapshot	Q1 2018	Q4 2017	Q1 2017
Office Inventory (SF)	55,406,535	55,344,171	54,728,270
Under Construction (SF)	679,783	643,370	712,093
Vacancy Rate	18.3%	18.5%	19.6%
Pricing (PSF)	$1.96	$1.95	$1.93
Net Absorption (SF)	148,651	311,257	235,911
Completions (SF)	62,364	224,477	106,351

Industrial Market Snapshot	Q1 2018	Q4 2017	Q1 2017
Industrial Inventory (SF)	122,632,775	121,348,012	115,583,154
Under Construction (SF)	4,050,408	3,912,158	5,038,510
Vacancy Rate	7.9%	7.4%	7.2%
Pricing (PSF)	$0.61	$0.62	$0.62
Net Absorption (SF)	639,999	1,533,774	865,757
Completions (SF)	1,284,763	917,374	1,429,748

Retail Market Snapshot	Q1 2018	Q4 2017	Q1 2017
Retail Inventory (SF)	53,934,362	53,934,362	53,573,974
Under Construction (SF)	963,046	582,246	442,388
Direct Vacancy Rate	7.8%	7.9%	8.4%
Total Vacancy Rate	9.5%	9.6%	10.1%
Pricing (PSF)	$1.71	$1.67	$1.66
Net Absorption (SF)	49,166	406,530	88,725
Completions (SF)	0	284,750	25,728

Las Vegas Area Direct Vacancy Rates

Office
Industrial
Retail

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