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Nevada

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Market Overview

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EXPLORE 4 Nevada MARKETSToggle markets

Boise
Fresno
Las Vegas
Reno

Boise

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VACANCY

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.

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Fresno

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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.

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Learn more about the Nevada markets from one of our professionals.

Las Vegas

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VACANCY

Apartment

The average Vacancy Rate was 2.8% in the Las Vegas metro

The Las Vegas metro had the third lowest vacancy in the nation, and the second in the West region, behind only Las Vegas.
Vacancy in the Las Vegas metro drifted downward by 20 basis points.
The Las Vegas metro had the lowest vacancy level since year-end 1998.

Distribution / Warehousing

The average Vacancy Rate was 4.7% in the Las Vegas metro

Vacancy in the Las Vegas metro drifted upward by 40 basis points.
Vacancy is expected to finish 2022 at 4.4% in the Las Vegas metro.

Office

The average Vacancy Rate was 22.7% in the Las Vegas metro

Vacancy in the Las Vegas metro drifted upward by 10 basis points.
Vacancy is expected to finish 2022 at 23.6% in the Las Vegas metro.

Retail

The average Vacancy Rate was 12.9% in the Las Vegas metro

Vacancy in the Las Vegas metro drifted upward by 10 basis points.
Vacancy is expected to finish 2022 at 12.8% in the Las Vegas metro.

RENT

Apartment

The average Asking Rent was $1,459 in the Las Vegas metro

Rent in the Las Vegas metro was up 1.9% from year-end 2021.
Rent has risen in every quarter since Q3 2011 in the Las Vegas metro.
Rent is expected to finish 2022 at $1,514 in the Las Vegas metro.

Distribution / Warehousing

The average Asking Rent was $7.63 in the Las Vegas metro

Rent in the Las Vegas metro was up 1.6% from year-end 2021.
Rent is expected to finish 2022 at $7.88 in the Las Vegas metro.

Office

The average Asking Rent was $25.79 in the Las Vegas metro

Rent in the Las Vegas metro was up 0.5% from year-end 2021.
Rent is expected to finish 2022 at $25.77 in the Las Vegas metro.

Retail

The average Asking Rent was $22.70 in the Las Vegas metro

The Las Vegas metro remained flat rent since year-end 2021.
Rent is expected to finish 2022 at $22.61 in the Las Vegas metro.

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Reno

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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.

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Learn more about the Nevada markets from one of our professionals.