Regional Summaries

Select a state to view available market snapshots

Las Vegas, NV

Vacancy in the Las Vegas apartment market ended the first quarter of 2017 at just 3.3%, up 10 basis points for the period following a loss of 100 through last year. By the end of May, the rate had given back the 10 basis points. At $966 and $937 per month, first quarter asking and effective averages were up 0.7% each for the period after gains of fully 4.9% and 4.7% last year. By the end of May, each rate had increased additionally by 0.5%. VIEW APARTMENT LISTINGS >
Las Vegas’ small general purpose, multi-tenant office market, at just 26.0 million square feet, reports a first quarter of 2017 vacancy rate of 23.9%, up 40 basis points for the period following a loss of 200 all told last year. April-May took 60 basis points from the rate. Rent growth, while slowly improving by the year, remains modest. At $24.63 psf and $18.81 psf, asking and effective averages for the first quarter of 2017 were up 0.2% each for the period following increases of 1.8% and 2.2% through 2016. Respective increases of 0.2% and 0.3% followed over the April-May span. VIEW OFFICE LISTINGS >
The first quarter 2017 vacancy rate in the Las Vegas community-neighborhood shopping center market was 13.1%, same as a quarter earlier after 2016’s 50-basis-points increase. By the end of May, the rate had slipped to 13.0%. Rent growth in the community-neighborhood center market has been unsteady. At $21.89 psf and $18.47 psf, first quarter 2017 average asking and effective rents were up just 0.1% and 0.2% for the period on the heels of 2016’s overall gains of 2.2% and 2.1%. Growth rates of 0.2% asking and 0.3% effective are reported for the April-May span. VIEW RETAIL LISTINGS >

More from our Local Market Experts About NV

Source: Data provided by Reis, inc.

Commercial Real Estate Market Information

Coldwell Banker Commercial has commercial real estate market statistics to help you find out more about your local commercial real estate market. Whether you are looking for commercial real estate market trends or information on a commercial real estate markets size, we have the commercial real estate market reports you need.Get the information you need to make wise commercial real estate decisions by checking out our commercial real estate market reports. If you did not find the commercial real estate market information you were looking for contact us today!

White Papers



Additional Resources