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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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Las Vegas

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VACANCY

Apartment

The average Vacancy Rate was 3.2% in the Las Vegas metro

The Las Vegas metro had the eighth lowest vacancy in the nation, and the second in the West region, behind only Albuquerque.
Vacancy in the Las Vegas metro drifted upward by 10 basis points.
Vacancy is expected to finish 2024 at 4.0% in the Las Vegas metro.

Distribution / Warehousing

The average Vacancy Rate was 12.6% in the Las Vegas metro

Vacancy in the Las Vegas metro has risen for seven consecutive quarters.
The Las Vegas metro was among the 10 highest vacancies nationally.
Vacancy is expected to finish 2024 at 12.1% in the Las Vegas metro.

Office

The average Vacancy Rate was 25.4% in the Las Vegas metro

Vacancy in the Las Vegas metro increased by 100 basis points.
The Las Vegas metro was among the 10 highest vacancies nationally.
Vacancy is expected to finish 2024 at 25.6% 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 downward by 20 basis points.
The Las Vegas metro was among the 20 highest vacancies nationally.
Vacancy is expected to finish 2024 at 13.1% in the Las Vegas metro.

RENT

Apartment

The average Asking Rent was $1,481 in the Las Vegas metro

Rent in the Las Vegas metro was down 0.1% from Q1 2024.
Rent is expected to finish 2024 at $1,497 in the Las Vegas metro.

Distribution / Warehousing

The average Asking Rent was $9.41 in the Las Vegas metro

Rent in the Las Vegas metro was up 0.2% from Q1 2024.
Rent has risen in every quarter since year-end 2020 in the Las Vegas metro.
Rent is expected to finish 2024 at $9.57 in the Las Vegas metro.

Office

The average Asking Rent was $27.12 in the Las Vegas metro

Rent in the Las Vegas metro was up 0.2% from Q1 2024.
Rent is expected to finish 2024 at $27.30 in the Las Vegas metro.

Retail

The average Asking Rent was $23.56 in the Las Vegas metro

Rent in the Las Vegas metro was up 0.4% from Q1 2024.
Rent is expected to finish 2024 at $23.63 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.