Published by

COMMERCIAL

MARKET
MONITOR

Las Vegas Market Area

Office Market Snapshot	Q2 2019	Q1 2019	Q2 2018
Office Inventory (SF)	55,819,089	55,694,384	55,334,460
Under Construction (SF)	446,614	445,769	384,924
Vacancy Rate	15.4%	15.4%	16.5%
Pricing (PSF)	$2.02	$2.02	$2.00
Net Absorption (SF)	112,680	344,714	367,460
Completions (SF)	124,705	20,367	270,000

Industrial Market Snapshot	Q2 2019	Q1 2019	Q2 2018
Industrial Inventory (SF)	128,851,454	126,165,240	123,174,377
Under Construction (SF)	5,149,688	6,392,078	4,571,964
Vacancy Rate	6.6%	5.9%	6.4%
Pricing (PSF)	$0.65	$0.67	$0.63
Net Absorption (SF)	1,636,211	1,386,058	2,121,789
Completions (SF)	2,686,214	1,065,067	584,881

Retail Market Snapshot	Q2 2019	Q1 2019	Q2 2018
Retail Inventory (SF)	54,698,661	54,666,838	54,062,438
Under Construction (SF)	424,125	455,948	636,223
Direct Vacancy Rate	7.6%	7.7%	8.1%
Total Vacancy Rate	9.2%	9.3%	9.8%
Pricing (PSF)	$1.76	$1.74	$1.70
Net Absorption (SF)	66,786	257,426	12,685
Completions (SF)	31,823	215,000	125,000

Las Vegas Area Direct Vacancy Rates

Office
Industrial
Retail

GET ALL THE FACTS

Applied Analysis Las Vegas Market Reports are published quarterly and include in-depth information on the market, including a summary matrix outlining performance at the submarket level.

Subscribe now to begin receiving the most comprehensive reports available on the Las Vegas Commercial Markets: Office, Industrial, Retail and Vacant Land.

www.AppliedAnalysis.com/monitor