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All data listed below is
as of EOY 2007.
The Industrial Market
Vacancy Rate in Las Vegas is 6.4%.
Total Industrial
Inventory in the Las Vegas Valley is 99 million square feet.
3,128,101 square feet of industrial space is currently under
construction.
Average Monthly Asking
Base Rent for all categories of Industrial space is $.66 NNN per square
foot per month.
Total Employment in the
Las Vegas Valley increased by 3.5% over the past 12 months and
is expected to increase by 2% in 2008.
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LAS VEGAS INDUSTRIAL SUBMARKETS
All Industrial Product Categories: Data as of Q4 2007
|
Submarket |
Total
Square Feet |
Vacancy |
Average Asking Base Rent |
|
Airport |
13,210,648 sq ft |
4.7% |
$.91 |
|
East |
2,826,024 sq ft |
3.5% |
$.65 |
|
West Central |
12,076,127 sq ft |
2.7% |
$.83 |
|
Henderson |
11,129,302
sq ft |
10.2% |
$.50 |
|
North Las Vegas |
29,493,141 sq ft |
7.3% |
$.54 |
|
Northwest |
1,262,428
sq ft |
18.9% |
$.85 |
|
Southwest |
29,403,519
sq ft |
6% |
$.75 |
|
Total Market |
99,401,189 sq ft |
6.4% |
$.66 |
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