City of Las Vegas
Community Dashboard
Office/Industrial/Retail and Apartment Markets
Office MarketSecond Quarter 2024 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| City Wards | |||||||||
| Industrial Structure | Las Vegas Valley |
City of Las Vegas |
Downtown Redevelopment Area |
Ward 1 | Ward 2 | Ward 3 | Ward 4 | Ward 5 | Ward 6 |
| Office Market Inventory (SF) | 57,700,960 | 21,188,798 | 4,475,070 | 8,807,144 | 3,952,694 | 3,737,705 | 1,831,238 | 2,340,480 | 519,537 |
| Office Market Vacant Space (SF) | 9,008,109 | 3,078,829 | 601,844 | 1,281,191 | 490,730 | 685,668 | 353,174 | 138,878 | 129,188 |
| Office Market Occupied Space (SF) | 48,692,851 | 18,109,969 | 3,873,226 | 7,525,953 | 3,461,964 | 3,052,037 | 1,478,064 | 2,201,602 | 390,349 |
| Office Market Vacancy Rate | 15.6% | 14.5% | 13.4% | 14.5% | 12.4% | 18.3% | 19.3% | 5.9% | 24.9% |
| Office Market Completions (SF) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Office Market Net Absorption (SF) | -164,724 | -168,752 | -60,373 | 21,524 | -14,697 | -92,521 | 8,800 | -1,096 | -90,762 |
| Office Market Avg. Asking Rents PSF | $2.34 | $2.16 | $2.01 | $2.00 | $2.57 | $2.09 | $2.29 | $2.09 | $2.53 |
| Office Market Under Construction Space (SF) | 828,000 | 248,000 | 0 | 0 | 0 | 248,000 | 0 | 0 | 0 |
| Office Market Planned Space (SF) | 1,666,318 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |