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1,772 Commercial Real Estate Listings in Las Vegas, NV

  • TROPICANA EAST SHOPPING CENTER - Las Vegas
    4790 S Eastern Ave, Paradise, Las Vegas, NV 89121
    For Lease $0.75 - $1.25/Sqft/Month
    Property
    • Retail
    Availability
    • 1 Space
    • 2,100 Sqft
  • ARROWHEAD COMMERCE CENTER - Las Vegas
    6275 Sandhill Rd Bldg 14, Paradise, Las Vegas, NV 89120
    For Lease $0.79/Sqft/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 26,752 Sqft
  • SCOTTSDALE PLAZA - Las Vegas
    8830 S Maryland Pkwy (OFC), Paradise, Las Vegas, NV 89123
    For Lease $1,572 - $2,416/Month
    Property
    • Office
    Availability
    • 2 Spaces
    • 1,994 Sqft
  • Charleston Valley View - Las Vegas
    3821 West Charleston Blvd, Westleigh, Las Vegas, NV 89102
    For Lease $1.5 - $1.6/Sqft/Month
    Property
    • Office
    Availability
    • 2 Spaces
    • 9,807 Sqft
  • Tropicana Executive Center - Las Vegas
    1515 East Tropicana Avenue, Paradise, Las Vegas, NV 89119
    For Lease $9.6/Sqft/Year
    Property
    • Office
    Availability
    • 12 Spaces
    • 20,899 Sqft
  • VALLEY VIEW HACIENDA BUSINESS CENTER - Las Vegas
    5375 Procyon St, Paradise, Las Vegas, NV 89118
    For Lease $0.75/Sqft/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 19,500 Sqft
  • SCOTTSDALE PLAZA - Las Vegas
    8766 S Maryland Pkwy (OFC), Paradise, Las Vegas, NV 89123
    For Lease $932 - $2,050/Month
    Property
    • Office
    Availability
    • 3 Spaces
    • 2,384 Sqft
  • FREESTANDING SPACE FOR LEASE - Las Vegas
    4626 S Maryland Pkwy, Paradise, Las Vegas, NV 89119
    For Lease $2.25 - $2.75/Sqft/Month
    Property
    • Retail
    Availability
    • 2 Spaces
    • 3,240 Sqft
  • VALLEY VIEW COMMERCE CENTER - Las Vegas
    4050 W Harmon Ave, Paradise, Las Vegas, NV 89103
    For Lease $0.68/Sqft/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 20,000 Sqft
  • THE CENTER AT SPRING MOUNTAIN - Las Vegas
    3533 Spring Mountain Rd, Paradise, Las Vegas, NV 89103
    For Lease $1.25 - $3.5/Sqft/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 780 Sqft
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  • CITY CENTER WEST - Las Vegas
    7201 W Lake Mead Blvd, Summerlin, Las Vegas, NV 89128
    For Lease $2.35 - $2.5/Sqft/Month
    Property
    • Office
    Availability
    • 3 Spaces
    • 30,724 Sqft
  • FLAMINGO GRAND PLAZA - Las Vegas
    1050 E Flamingo Rd, Paradise, Las Vegas, NV 89119
    For Lease $1.4 - $1.45/Sqft/Month
    Property
    • Office
    Availability
    • 21 Spaces
    • 49,411 Sqft
  • CAMERON DISTRIBUTION CENTER - Las Vegas
    4545 Cameron St, Paradise, Las Vegas, NV 89103
    For Lease $0.75/Sqft/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 35,644 Sqft
  • CENTENNIAL CROSSROADS PLAZA - Las Vegas
    6400 Sky Pointe Dr, Elkhorn Cimarron Estates, Las Vegas, NV 89129
    For Lease $1.95/Sqft/Month
    Property
    • Retail
    Availability
    • 3 Spaces
    • 3,976 Sqft
  • PARTELL MEDICAL TOWER - Las Vegas
    2870 S Maryland Pkwy, Winchester, Las Vegas, NV 89109
    For Lease $0.99 - $1.2/Sqft/Month
    Property
    • Office
    Availability
    • 6 Spaces
    • 14,434 Sqft
  • VIRGIN HOTELS - Las Vegas
    4455 Paradise Rd, The Strip, Las Vegas, NV 89169
    For Lease $5/Sqft/Month
    Property
    • Office
    Availability
    • 4 Spaces
    • 6,799 Sqft
  • 3930 Leon Avenue - Las Vegas
    3930 Leon Avenue, Nortwest Area, Las Vegas, NV 89130
    For Lease $1 - $1.3/Sqft/Year
    Property
    • Retail
    Availability
    • 1 Space
    • 3,300 Sqft
  • DIABLO INDUSTRIAL CENTER - Las Vegas
    5625 Arville St Bldg C, Paradise, Las Vegas, NV 89118
    For Lease $0.7/Sqft/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 25,010 Sqft
  • SUMMERLIN GATEWAY PLAZA - Las Vegas
    7500 W Lake Mead Blvd, Summerlin, Las Vegas, NV 89128
    For Lease $2/Sqft/Month
    Property
    • Retail
    Availability
    • 3 Spaces
    • 5,263 Sqft
  • ALMOND GROVE - Las Vegas
    2440 S Maryland Pkwy, Southridge, Las Vegas, NV 89104
    For Lease $115,000/Month
    Property
    • Retail
    Availability
    • 2 Spaces
    • 6,000 Sqft
  • TROP DECATUR AUTO CENTER - Las Vegas
    5055 S Decatur Blvd, Spring Valley, Las Vegas, NV 89118
    For Lease $1.99/Sqft/Month
    Property
    • Retail
    Availability
    • 1 Space
    • 1,775 Sqft
  • ARROWHEAD COMMERCE CENTER - Las Vegas
    3755 E Post Rd Bldg 15, Paradise, Las Vegas, NV 89120
    For Lease $0.75/Sqft/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 39,929 Sqft
  • VALLEY VIEW CORPORATE CENTER - Las Vegas
    6283 S Valley View Blvd I-B, Paradise, Las Vegas, NV 89118
    For Lease $0.88 - $0.93/Sqft/Month
    Property
    • Industrial
    Availability
    • 2 Spaces
    • 22,612 Sqft
  • LOCATION ONE - Las Vegas
    3111 S Valley View Blvd, Paradise, Las Vegas, NV 89102
    For Lease $0.9 - $1.49/Sqft/Month
    Property
    • Industrial
    Availability
    • 2 Spaces
    • 4,130 Sqft
  • LIGHT INDUSTRIAL SPACE FOR LEASE - Las Vegas
    5865 S Valley View Blvd, Paradise, Las Vegas, NV 89118
    For Lease $9,960/Month
    Property
    • Industrial
    Availability
    • 1 Space
    • 4,887 Sqft

Las Vegas, NV Commercial Real Estate

There are currently 1,744 commercial listings available in Las Vegas, NV. These listings include 1,639 commercial spaces that encompass a total of 16,457,468 square feet. Available commercial spaces in Las Vegas, NV range in size from 100 square feet to 631,650 square feet. A total of 853 off-market commercial properties located in Las Vegas, NV are also available for research.

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Las Vegas, NV Economic Overview

Location Photo

Just about a century ago, Las Vegas was an oasis that only served as a watering stop for travelers moving to and from Los Angeles. No one could have imagined what it would grow to be today—the crown jewel of Nevada and a world-renowned metropolis. Located in a valley at the heart of the sprawling Mojave Desert, Las Vegas is a massive theme park and a gambler’s haven. Its famous casinos decorate the city limits on the Las Vegas Strip and fuel its dazzling nightlife. Along with stunning replicas of world landmarks and a vibrant hospitality industry, these Las Vegas features continue to attract millions of visitors from all over the world and inject billions of dollars into the local economy. To say that the Las Vegas commercial real estate market is diverse would be an understatement.

The City of Las Vegas enjoys a relatively diversified economy with major branches being tourism and gaming, manufacturing, logistics, and mining. Rightfully billed as the entertainment capital of the world, tourism and gaming are multi-billion dollar industries in Las Vegas. Its strategic location along the Union Pacific Railroad and its proximity to Los Angeles has also turned Vegas into an important Southern Nevada logistics hub. Spurred by excellent infrastructure, its burgeoning manufacturing sector is in itself diverse, with interests in metal fabrication, paper products, and textiles, just to name a few. Las Vegas also reaps immense economic benefits from the rich mineral reserves of the state of Nevada.

Las Vegas, NV Commercial Real Estate Market

The industrial, office and retail sectors of the Las Vegas commercial real estate market continue to show steady growth and expansion. In fact, over the past few years, Las Vegas has registered one of the best post-recession recoveries in America in its commercial real estate industry and is approaching pre-recession numbers.

The recovery in the industrial market has been particularly impressive. The ripple effect of a robust national economy has overseen an expansion of national companies, mostly in the eCommerce industry, to Las Vegas and a rapid reduction in industrial vacancy rates.

Vacancy rates in Las Vegas retail space are also below market average with areas such as neighboring Henderson and the southwest parts of Las Vegas showing the lowest rates in 2016.

The first quarter of 2017 also indicates a general strengthening of the Las Vegas office market through increased occupancy. However, its recovery is still slower than the one experienced in the industrial and retail markets.

Las Vegas’ office market is generally divided into the Central East, Central North, Downtown, North Las Vegas, Northwest, Southeast, South, Southwest and West submarkets. In the last quarter of 2016, South Las Vegas office space amounted to roughly 8.4 million square feet. The market registered a 14.4% vacancy rate. Suburban markets, such as Summerlin, are also in high demand.

The Central East Las Vegas office and Northwest Las Vegas office markets registered the highest vacancy rates, of 22.5% and 20.4% respectively. The lowest vacancy rate, of 1.5%, was observed in the Central North Las Vegas office submarket.

Las Vegas, NV Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Las Vegas, NV Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Las Vegas, NV Commercial Inventory Breakdown

Office Spaces

Total: 29,567,129 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 11,681,206 SF / 39.51% of total office
  • 100k to 500k SF: 16,745,923 SF / 56.64% of total office
  • > 1M SF: 1,140,000 SF / 3.86% of total office

By class:

  • Class A: 13,553,159 SF / 45.84% of total office
  • Class B: 12,861,967 SF / 43.5% of total office
  • Class C: 1,244,276 SF / 4.21% of total office

Industrial

Total: 66,718,923 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 9,283,404 SF / 13.91% of total industrial
  • 100k to 500k SF: 41,856,839 SF / 62.74% of total industrial
  • 500k to 1M SF: 14,160,870 SF / 21.22% of total industrial
  • > 1M SF: 1,417,810 SF / 2.13% of total industrial

By class:

  • Class A: 43,553,434 SF / 65.28% of total industrial
  • Class B: 19,276,796 SF / 28.89% of total industrial
  • Class C: 356,757 SF / 0.53% of total industrial

Office Spaces with Retail

Total: 38,823,823 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 8,948,296 SF / 23.05% of total office with retail
  • 100k to 500k SF: 20,131,888 SF / 51.85% of total office with retail
  • 500k to 1M SF: 5,404,188 SF / 13.92% of total office with retail
  • > 1M SF: 4,339,451 SF / 11.18% of total office with retail

Employment in Las Vegas, NV

Employment

Las Vegas’ unemployment rate was 4.9% in April 2017, down from 5.2% in December 2016. That was 9.1% lower than the 14% rate experienced at the height of the recession in the city in 2010 when most U.S. cities were experiencing a mini-recovery. According to the latest data from the Bureau of Labor Statistics, the average hourly wage in Las Vegas is currently about $20.91, which is lower than the $23.86 national average.

Overview of employment in the major industries:

  • The multi-billion-dollar gaming and tourism industries take the lion’s share of the job market. By 2015, hotels, casinos and other entertainment ventures were employing nearly 500,000 workers. The average yearly wage for an employee was $31,000. The industry absorbs about 2,500 workers every year.
  • The logistics industry is the second highest employer. More than 66,000 people work in the sector. In 2015, the average employee earned about $56,000.
  • The rapid growth of the manufacturing sector in Las Vegas makes it the vanguard of job creation. Between 2013 and 2014, it absorbed 2,000 workers. The total number of jobs in the sector was 42,000 by 2015.
  • Mining industry - With more than 15,000 jobs, mining is big business in Las Vegas, as it is everywhere in Nevada. However, the wage gap in the industry is huge. The support positions attract a low wage compared to the mining and administrative jobs. Nevertheless, the average yearly pay of $90,000 per employee is one of the highest.
  • The aerospace industry in Las Vegas is lucrative. Nellis Air Force Base accounts for the vast majority of the more than 13,000 jobs in the industry. An aerospace employee earns an average annual salary of $78,000.

Education in Las Vegas, NV

Las Vegas is not known for a robust educational sector, especially up to high school level. In fact, the state of Nevada ranked second last (only above New Mexico) in an Annie E. Foundation report that measures the educational well-being of children in America. There aren’t many colleges and universities in the City of Las Vegas. The largest institution and the only public college within the city limits is the College of Southern Nevada.

Commuting Time in Las Vegas, NV

The most congested areas in Las Vegas are along its major freeways, the I-15 and U.S. Route 95, especially where the two intersect at the so-called “spaghetti bowl.” Traffic is heaviest between 7AM and 9.30AM and between 3.30PM and 6.30PM. Traffic is relatively light in the rest of the city. At 22.5 minutes, the average commuter time in Las Vegas is one of the best in the nation.

Las Vegas Demographics

Population

  • Total Population634,773
  • Male Population(49.9 %) 316,556
  • Female Population(50.1 %) 318,217
  • Median Age37.80

Income/Financial

  • Average Household Income$79,656
  • Median Household Income$56,354
  • Median Income Under 25$32,481
  • Median Income 25-44$59,064
  • Median Income 45-64$64,884
  • Median Income Over 65$44,943

News

Since 2009, the U.S. economy has had more than 110 consecutive months of growth, making this the second longest economic expansion since the Great Depression. After a rather tepid 2017 performance, the U.S. office market gathered some steam in 2018, adding 76 million square feet of new office sp...

We’re almost halfway through H2 2018, and it’s high time to check up on construction activity, as well as the state of the U.S. office pipeline when compared to previous analyses. Last year around the same time, we looked at top U.S. cities for office delivery during the fall-winter season, and ...

Ultimately, a city’s fate depends on the type of vacant land it has at its disposal, the strength of the local economy, and the policies the city enacts. A comprehensive inventory study helps to advance both research and practice in urban land policy. (G.D. Newman et al., A current inventory of ...