Las Vegas industrial real estate market report
Q3 2025
Big box leasing
In Q3, over 3.2msf of transactions between 100k–500k range accounted for more than 50% of total volume. Key deals included Global Industrial Distribution’s 464ksf renewal, Kreate’s 337ksf lease, and Welspun’s 228ksf commitment, highlighting Las Vegas’s growing appeal as a logistics hub.
Mid sized product vacancy
Mid-bay properties between 20k-50ksf remain tight at 5.9%, reflecting strong demand for right-sized, flexible spaces that support evolving operational and supply chain needs, reinforcing overall market stability.
Direct asking rents
Monthly asking rents remain stable at $1.10 per square foot, with strong pricing in Southwest Las Vegas, the Airport area, and Northwest Las Vegas.
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