Insights
Nevada
BACK TO INSIGHTSMarket Overview
BACK TO INSIGHTSVACANCY
Distribution / Warehousing
Average Vacancy Rate 7.9%
- Drifted upward by 10 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $6.40
- Up 0.5% from year-end 2018.
- Expected to finish 2019 at.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 11.5%
- Drifted downward by 10 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $5.23
- Up 0.8% from year-end 2018.
- Has risen for six consecutive quarters.
- Expected to finish 2019 at.
VACANCY
Apartment
Average Vacancy Rate 4.4%
- Rose by 50 basis points.
- Highest level since Q2 2015.
- Expected to finish 2021 at 4.5%.
Distribution / Warehousing
Average Vacancy Rate 7.4%
- Drifted downward by 30 basis points.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2021 at 7.4%.
Office
Average Vacancy Rate 23.6%
- Drifted downward by 30 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2021 at 25.2%.
Retail
Average Vacancy Rate 13.1%
- No change since year-end 2020.
- Among the 20 highest vacancies nationally.
- Expected to finish 2021 at 14.9%.
RENT
Apartment
Average Asking Rent $1,194
- Up 0.4% from year-end 2020.
- Has risen in every quarter since Q3 2011.
- Expected to finish 2021 at $1,218.
Distribution / Warehousing
Average Asking Rent $7.07
- Up 1.0% from year-end 2020.
- Fastest rate of increase in eight quarters.
- Expected to finish 2021 at $7.24.
Office
Average Asking Rent $25.36
- Down 0.1% from year-end 2020.
- Expected to finish 2021 at $24.53.
Retail
Average Asking Rent $22.63
- Down 0.4% from year-end 2020.
- Expected to finish 2021 at $20.92.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 10.1%
- Fell by 80 basis points.
- Expected to finish 2018 at.
RENT
Distribution / Warehousing
Average Asking Rent $4.47
- Up 1.4% from Q2 2018.
- Fastest rate of increase in five quarters.
- Expected to finish 2018 at.