2019 Q1 Las Vegas Office Market Research Report

Download Report
MR LAS 19Q1 OFC 175x227

Office Vacancy Hits New Low

Southern Nevada’s office market continued to improve in the first quarter of 2019, with net absorption of 345,715 square feet and vacancy decreasing to 12.9 percent. New completions were only 15,867 square feet in the first quarter, and expansion of the office inventory should remain light in 2019. The weighted average asking rate for office space in the first quarter was $2.16 per square foot (psf) on a full service gross (FSG) basis, a $0.11 increase from one year ago.

Have future reports delivered directly to your inbox - click here to subscribe to this and other regional e-mail delivery lists.


MR LAS 19Q1 OFC 250x196

2019 Q1 Las Vegas Office Market Research Report

Download Report