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 3.1% in the Las Vegas metro
Distribution / Warehousing
The average Vacancy Rate was 7.1% in the Las Vegas metro
- Vacancy in the Las Vegas metro rose by 190 basis points.
- The Las Vegas metro had the highest vacancy level since Q2 2021.
Office
The average Vacancy Rate was 24.8% in the Las Vegas metro
- Vacancy in the Las Vegas metro rose by 140 basis points.
- The Las Vegas metro had the highest vacancy level since year-end 2015.
Retail
The average Vacancy Rate was 13.3% in the Las Vegas metro
RENT
Apartment
The average Asking Rent was $1,499 in the Las Vegas metro
Distribution / Warehousing
The average Asking Rent was $9.25 in the Las Vegas metro
- Rent in the Las Vegas metro was up 1.1% from Q3 2023.
- Rent has risen in every quarter for the past three years in the Las Vegas metro.
Office
The average Asking Rent was $26.94 in the Las Vegas metro
Retail
The average Asking Rent was $23.46 in the Las Vegas metro
- Rent in the Las Vegas metro was up 0.2% from Q3 2023.
- Rent Has risen for six consecutive quarters in the Las Vegas metro.
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.