All data listed below is as
of EOY 2011:
The Industrial Market
Vacancy Rate in Las Vegas is 15.2%.
Total Industrial Inventory
in the Las Vegas Valley is 108 million square feet.
Zero square feet of speculative industrial space is currently under
construction.
Average Monthly Base Rent
for all categories of Industrial space is $.51 per square foot
per month NNN.
Total Unemployment in the
Las Vegas Valley is 12.5%.
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LAS VEGAS INDUSTRIAL SUBMARKETS
Base Rent and Vacancy by
Las Vegas Valley Industrial Submarkets: All building categories Q4 2011
|
Submarket |
Total Square Feet |
Vacancy |
Average Asking Base Rent / Month NNN |
|
Airport |
13,761,938
sq ft |
17.7% |
$.60 |
| East Las Vegas |
3,030,468
sq ft |
15.8% |
$.49 |
| West
Central |
11,974,908
sq ft |
10.7% |
$.54 |
| Henderson |
12,962,231
sq ft |
11.6% |
$.52 |
| North Las Vegas |
32,164,815
sq ft |
15.8% |
$.37 |
| Northwest |
1,352,479
sq ft |
29.7% |
$.93 |
| Southwest |
33,080,187
sq ft |
16% |
$.57 |
| Total Market |
108,327,026
sq ft |
15.2% |
$.51 |
Source for lease and vacancy rates: Collier's Q1 2012 Las Vegas
Industrial Market Report at
http://www.colliers.com/Markets/LasVegas/MarketResearch
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