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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 2.7% 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.

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

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.