Las Vegas industrial real estate market report
Q1 2025
2.7 msf
Development activity (msf)
Las Vegas delivered 2.7 million square feet in Q1 2025, with new construction at its lowest in two years, allowing the market to absorb existing space and stabilize.
22 msf
Available space (msf)
The market has 22 million square feet available due to past construction surges, but slower development will help absorption, especially in North Las Vegas and key submarkets.
$1.11 psf
Average monthly asking rents
Monthly asking rents remain stable at $1.11 per square foot, with strong pricing in Southwest Las Vegas, the Airport area, and Northwest Las Vegas.
Your source for the latest Las Vegas industrial real estate reports
Stay on top of current trends affecting the industrial real estate sector in Las Vegas. Gain an overall better understanding of Vegas's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Las Vegas.
Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of the Las Vegas industrial real estate market.