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COMMERCIAL

MARKET
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Las Vegas Market Area

Office Market Snapshot	Q4 2017	Q3 2017	Q4 2016
Office Inventory (SF)	55,297,107	55,072,630	54,574,855
Under Construction (SF)	633,370	815,847	763,929
Vacancy Rate	18.7%	19.0%	20.1%
Pricing (PSF)	$1.95	$1.95	$1.91
Net Absorption (SF)	328,353	362,787	255,885
Completions (SF)	224,477	116,971	142,150

Industrial Market Snapshot	Q4 2017	Q3 2017	Q4 2016
Industrial Inventory (SF)	120,975,241	120,057,867	113,911,255
Under Construction (SF)	3,647,971	3,813,681	5,712,545
Vacancy Rate	7.4%	8.0%	6.8%
Pricing (PSF)	$0.62	$0.62	$0.61
Net Absorption (SF)	1,541,974	1,272,161	750,582
Completions (SF)	917,374	2,388,277	806,402

Retail Market Snapshot	Q4 2017	Q3 2017	Q4 2016
Retail Inventory (SF)	53,978,032	53,693,282	53,591,916
Under Construction (SF)	582,246	598,750	390,366
Direct Vacancy Rate	8.1%	8.3%	8.6%
Total Vacancy Rate	9.8%	10.0%	10.2%
Pricing (PSF)	$1.65	$1.63	$1.62
Net Absorption (SF)	332,030	2,911	303,752
Completions (SF)	284,750	0	241,758

Las Vegas Area Direct Vacancy Rates

Office
Industrial
Retail

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