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COMMERCIAL

MARKET
MONITOR

Las Vegas Market Area

Office Market Snapshot	Q2 2018	Q1 2018	Q2 2017
Office Inventory (SF)	55,593,539	55,323,539	54,919,727
Under Construction (SF)	470,650	724,783	842,592
Vacancy Rate	17.9%	18.0%	19.1%
Pricing (PSF)	$1.98	$1.96	$1.95
Net Absorption (SF)	286,136	166,517	434,272
Completions (SF)	270,000	62,364	274,453

Industrial Market Snapshot	Q2 2018	Q1 2018	Q2 2017
Industrial Inventory (SF)	123,215,533	122,755,652	118,165,238
Under Construction (SF)	4,659,706	3,808,237	4,340,797
Vacancy Rate	6.8%	7.8%	7.1%
Pricing (PSF)	$0.63	$0.63	$0.61
Net Absorption (SF)	1,757,188	810,745	2,320,167
Completions (SF)	459,881	1,284,763	2,459,207

Retail Market Snapshot	Q2 2018	Q1 2018	Q2 2017
Retail Inventory (SF)	54,059,362	53,934,362	53,649,612
Under Construction (SF)	920,869	1,014,046	374,750
Direct Vacancy Rate	7.8%	7.8%	8.2%
Total Vacancy Rate	9.5%	9.5%	9.8%
Pricing (PSF)	$1.69	$1.70	$1.66
Net Absorption (SF)	98,252	38,437	188,450
Completions (SF)	125,000	0	75,638

Las Vegas Area Direct Vacancy Rates

Office
Industrial
Retail

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