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
The average Vacancy Rate was 2.7% in the Las Vegas metro
Distribution / Warehousing
The average Vacancy Rate was 1.8% in the Las Vegas metro
- Vacancy in the Las Vegas metro has been in decline for eight consecutive quarters.
- The Las Vegas metro had the lowest vacancy level since Q1 2017.
Office
The average Vacancy Rate was 23.8% in the Las Vegas metro
Retail
The average Vacancy Rate was 13.5% in the Las Vegas metro
- No vacancy change since Q3 2022 in the Las Vegas metro.
- The Las Vegas metro had the highest vacancy level since Q3 1999.
RENT
Apartment
The average Asking Rent was $1,520 in the Las Vegas metro
- Rent in the Las Vegas metro was up 0.4% from Q3 2022.
- Rent has risen in every quarter since Q3 2011 in the Las Vegas metro.
Distribution / Warehousing
The average Asking Rent was $8.68 in the Las Vegas metro
- Rent in the Las Vegas metro was up 2.1% from Q3 2022.
- Rent Has risen for eight consecutive quarters in the Las Vegas metro.
Office
The average Asking Rent was $26.57 in the Las Vegas metro
- Rent in the Las Vegas metro was up 0.6% from Q3 2022.
- Rent Has risen for seven consecutive quarters in the Las Vegas metro.
Retail
The average Asking Rent was $22.84 in the Las Vegas metro
- Rent in the Las Vegas metro was up 0.7% from Q3 2022.
- Las Vegas metro had its fastest rent rate of increase since Q1 2019.
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.