Las Vegas industrial real estate market report

Q4 2024

1.8 msf

Development activity (msf)

In Q4 2024, 1.8 million square feet (msf) of new inventory was added, a small fraction of the year total of 14.2msf.

19.9 msf

Available space (msf)

Due to heightened construction activity beginning in 2021, availability rose by 127% by the end of 2024 but new construction stats have slowed.

$1.10 psf

Average monthly asking rents

Average monthly asking rents in Q4 2024 have appeared to stabilize around $1.10 per square feet in the last few quarters.

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