Insights
Nevada
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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 3.5% in the Las Vegas metro
- The Las Vegas metro had the tenth lowest vacancy in the nation and the fourth lowest in the West.
- Vacancy in the Las Vegas metro drifted upward by 10 basis points.
- The Las Vegas metro had the highest vacancy level since Q1 2021.
Distribution / Warehousing
The average Vacancy Rate was 13.1% in the Las Vegas metro
- Vacancy in the Las Vegas metro has risen for eight consecutive quarters.
- The Las Vegas metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 12.9% in the Las Vegas metro.
Office
The average Vacancy Rate was 25.1% in the Las Vegas metro
- Vacancy in the Las Vegas metro drifted downward by 30 basis points.
- The Las Vegas metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 25.3% in the Las Vegas metro.
Retail
The average Vacancy Rate was 12.6% in the Las Vegas metro
- Vacancy in the Las Vegas metro drifted downward by 30 basis points.
- The Las Vegas metro had the lowest vacancy level since Q3 2015.
- Vacancy is expected to finish 2024 at 12.8% in the Las Vegas metro.
RENT
Apartment
The average Asking Rent was $1,491 in the Las Vegas metro
- Rent in the Las Vegas metro was up 0.6% from Q2 2024.
- Las Vegas metro had its fastest rent rate of increase in five quarters.
- Rent is expected to finish 2024 at $1,495 in the Las Vegas metro.
Distribution / Warehousing
The average Asking Rent was $9.51 in the Las Vegas metro
- The Las Vegas metro had the sixth fastest rent growth in the nation, and the second in the West region, behind only San Francisco.
- Rent has risen in every quarter since year-end 2020 in the Las Vegas metro.
- Rent is expected to finish 2024 at $9.60 in the Las Vegas metro.
Office
The average Asking Rent was $27.21 in the Las Vegas metro
- Rent in the Las Vegas metro was up 0.3% from Q2 2024.
- Rent is expected to finish 2024 at $27.31 in the Las Vegas metro.
Retail
The average Asking Rent was $23.58 in the Las Vegas metro
- Rent in the Las Vegas metro was up 0.1% from Q2 2024.
- Rent is expected to finish 2024 at $23.66 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.