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COMMERCIAL

MARKET
MONITOR

Las Vegas Market Area

Office Market Snapshot	Q1 2019	Q4 2018	Q1 2018
Office Inventory (SF)	55,944,277	55,923,910	55,314,353
Under Construction (SF)	431,769	244,136	634,557
Vacancy Rate	16.0%	16.6%	17.3%
Pricing (PSF)	$2.01	$2.00	$1.96
Net Absorption (SF)	366,510	149,710	228,967
Completions (SF)	20,367	0	62,364

Industrial Market Snapshot	Q1 2019	Q4 2018	Q1 2018
Industrial Inventory (SF)	126,202,070	125,137,003	122,626,326
Under Construction (SF)	6,353,705	5,723,214	3,808,237
Vacancy Rate	6.3%	6.4%	7.8%
Pricing (PSF)	$0.67	$0.65	$0.61
Net Absorption (SF)	1,184,458	1,022,936	804,495
Completions (SF)	1,065,067	941,158	1,284,763

Retail Market Snapshot	Q1 2019	Q4 2018	Q1 2018
Retail Inventory (SF)	54,666,838	54,451,838	53,937,438
Under Construction (SF)	809,923	694,923	729,400
Direct Vacancy Rate	7.7%	7.8%	7.9%
Total Vacancy Rate	9.2%	9.3%	9.6%
Pricing (PSF)	$1.74	$1.76	$1.71
Net Absorption (SF)	262,259	308,833	24,541
Completions (SF)	215,000	286,000	0

Las Vegas Area Direct Vacancy Rates

Office
Industrial
Retail

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