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COMMERCIAL
MARKET
MONITOR
Las Vegas Market Area
| Office Market Snapshot | Q3 2026 | Q2 2026 | Q3 2025 |
|---|---|---|---|
| Office Inventory (SF) | |||
| Under Construction (SF) | |||
| Vacancy Rate | |||
| Pricing (PSF) | $2.59 | $2.56 | $2.59 |
| Net Absorption (SF) | |||
| Completions (SF) |
| Industrial Market Snapshot | Q3 2026 | Q2 2026 | Q3 2025 |
|---|---|---|---|
| Industrial Inventory (SF) | |||
| Under Construction (SF) | |||
| Vacancy Rate | |||
| Pricing (PSF) | $1.02 | $1.02 | $1.02 |
| Net Absorption (SF) | |||
| Completions (SF) |
| Retail Market Snapshot | Q3 2026 | Q2 2026 | Q3 2025 |
|---|---|---|---|
| Retail Inventory (SF) | |||
| Under Construction (SF) | |||
| Direct Vacancy Rate | |||
| Total Vacancy Rate | |||
| Pricing (PSF) | |||
| Net Absorption (SF) | |||
| Completions (SF) |
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.
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Note: Directional arrows reflect comparisons to the prior year.
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myResearcher.comOFFICE MARKET
Q4 '23ECONOMIC TRENDS
3.4%
-2.7%
10.8%
OFFICE-USING EMPLOYMENT
OCCUPIED SPACE PER EMPLOYEE
S&P 500 ADJ. CLOSING PRICE
REAL ESTATE MARKET TRENDS
Q4 '22
Q4 '23
15.5%
14.1%
16.4%
16.1%
15.2%
14.5%
MEDICAL VACANCY RATE
PROFESSIONAL VACANCY RATE
CLASS B VACANCY RATE
Millions
Inventory (in SF) and Vacancy Rate
Millions
Supply vs. Demand Trailing 12-Month Total (in SF)
- Completions
- Absorption
Millions
Vacant Inventory (in SF) and Average
Asking Rate
Asking Rate
Millions
Planned and Under Construction (in SF)
- Planned
- Under Construction
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myResearcher.comINDUSTRIAL MARKET
Q3 '26ECONOMIC TRENDS
2.6%
17.7%
2.2%
INDUSTRIAL-USING EMPLOYMENT
MANUFACTURING TAXABLE SALES
INDUSTRIAL PRODUCTION INDEX
REAL ESTATE MARKET TRENDS
Q3 '25
Q3 '26
$1.02
$1.02
DISTRIBUTION VACANCY RATE
MANUFACTURING VACANCY RATE
AVERAGE ASKING RATE
Millions
Inventory (in SF) and Vacancy Rate
Millions
Supply vs. Demand Trailing 12-Month Total (in SF)
- Completions
- Absorption
Millions
Vacant Inventory (in SF) and Average
Asking Rate
Asking Rate
Millions
Planned and Under Construction (in SF)
- Planned
- Under Construction
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myResearcher.comRETAIL MARKET
Q2 '24ECONOMIC TRENDS
-0.7%
5.3%
-1.3%
RETAIL-USING EMPLOYMENT
TAXABLE RETAIL SALES
DISPOSABLE INCOME
REAL ESTATE MARKET TRENDS
Q2 '23
Q2 '24
POWER CENTER VACANCY RATE
NEIGHBORHOOD VACANCY RATE
AVERAGE ASKING RATE
Millions
Inventory (in SF) and Vacancy Rate
Millions
Supply vs. Demand Trailing 12-Month Total (in SF)
- Completions
- Absorption
Millions
Vacant Inventory (in SF) and Average
Asking Rate
Asking Rate
Millions
Planned and Under Construction (in SF)
- Planned
- Under Construction
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