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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