Office Market Snapshot | Q3 2023 | Q2 2023 | Q3 2022 |
---|---|---|---|
Office Inventory (SF) | 57,319,910 | 57,258,400 | 56,594,644 |
Under Construction (SF) | 1,003,550 | 1,035,060 | 1,078,026 |
Vacancy Rate | 14.9% | 14.9% | 15.1% |
Pricing (PSF) | $2.28 | $2.26 | $2.19 |
Net Absorption (SF) | 74,643 | 294,272 | 146,976 |
Completions (SF) | 61,510 | 159,143 | 12,000 |
Industrial Market Snapshot | Q3 2023 | Q2 2023 | Q3 2022 |
---|---|---|---|
Industrial Inventory (SF) | 157,102,923 | 156,802,463 | 151,273,802 |
Under Construction (SF) | 17,240,685 | 14,120,550 | 14,692,296 |
Vacancy Rate | 4.7% | 4.9% | 3.7% |
Pricing (PSF) | $0.83 | $0.82 | $0.78 |
Net Absorption (SF) | 610,573 | 904,123 | 3,357,389 |
Completions (SF) | 300,460 | 2,350,189 | 3,195,320 |
Retail Market Snapshot | Q3 2023 | Q2 2023 | Q3 2022 |
---|---|---|---|
Retail Inventory (SF) | 55,653,642 | 55,636,338 | 55,318,785 |
Under Construction (SF) | 159,770 | 127,074 | 334,857 |
Direct Vacancy Rate | 6.0% | 6.1% | 6.4% |
Total Vacancy Rate | 7.0% | ||
Pricing (PSF) | $1.88 | $1.87 | $1.83 |
Net Absorption (SF) | 45,851 | 305,495 | 115,515 |
Completions (SF) | 17,304 | 275,415 | 0 |
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.
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