Highlights
- The average rent for office space in Las Vegas is $30.37 per square foot, 4.06% lower compared to the previous year.
- The average sale price for office space in Las Vegas is $272.87 per square foot, marking an increase of 26.00% compared to 2024.
- The market’s vacancy rate stands at 16.39%, higher than the state average of Nevada, which is 9.40%.
- Renting Class A/A+ office space here costs $35.13 per square foot, while Class B averages $23.14 and Class C stands at $23.62.
- 100,762 square feet is currently under construction.
2025 Office Space Rent & Sales
- $30.37 2025 Avg. Asking Rent
- -4.06% Y-o-Y Avg. Asking Rent Change
- 16.39% 2025 Office Vacancy Rate
- $377.8M2025 Total Office Sales
- $272.87Avg. Sale Price/SF
What is the average asking rent price for office space in Las Vegas?
Average asking rents for office space here stand at $30.37 per square foot. The local office market recorded an average vacancy rate of 16.39% in 2025, unchanged from 16.39% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $377.8M across 23 sales. These transactions commanded an average sale price per square foot of $272.87.
Las Vegas, NV Office Asking Rents by Class
What is the average office rent per square foot by property class in Las Vegas?
- Avg. Asking Rent Class A & A+$35.13
- Avg. Asking Rent Class B$23.14
- Avg. Asking Rent Class C$23.62
The average asking rent for Class A and A+ office space stood at $35.13 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Las Vegas averaged $23.14 per square foot, while the average for Class C space was $23.62 per square foot.
What is the average office rent per square foot by property class in NV?
- Avg. Asking Rent Class A & A+$35.06
- Avg. Asking Rent Class B$23.49
- Avg. Asking Rent Class C$23.66
For comparison, the average rent for Class A and A+ office space in Nevada was $35.06 per square foot. The state-wide average for Class B space was $23.49 per square foot, and Class C office spaces averaged $23.66 per square foot.
Las Vegas, NV Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Summerlin | $36.03 | 7.65% |
| Paradise - South Las Vegas | $33.76 | 47.10% |
| Northwest Las Vegas | $29.97 | 21.06% |
| Henderson | $26.19 | 7.56% |
| Downtown Las Vegas | $26.13 | 12.53% |
| West Las Vegas | $25.33 | 13.51% |
| Airport | $25.08 | 11.13% |
| Spring Valley | $23.71 | 12.78% |
| North Las Vegas | $19.49 | 8.01% |
2025 Office Sales Volume
- $272.872025 Avg. Price per SF
- 26.00%Y-o-Y Avg. PpSF Change
- $377.8M2025 Office Sales Volume
- 232025 Number of Transactions
What is the average sale price per square foot for office space in Las Vegas?
Average sale prices for office space in this market recorded a +26.00% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $272.87 per square foot. For comparison, the statewide Nevada average during the same time period stood at $263.47 per square foot, while the national average was $182.48 per square foot.
Las Vegas, NV Sale Price per SF Trend
- Las Vegas Avg. Sale Price per SF in 2025$272.87
- Nevada Avg. Sale Price per SF in 2025$263.47
What was the total office sales volume in Las Vegas in 2025?
The local office market recorded 23 deals in 2025, adding up to a yearly sales volume of $377.8M.
- Las Vegas, NV Total Office Sales Volume in 2025 $377.8M
- Las Vegas, NV Total Number of Office Sales Closed in 2025 23
What were the largest office building sales in Las Vegas in 2025?
The market’s largest transaction last year was the sale of Narrative for $48,000,000 on 10/15/2025. The next-highest sale was the transaction involving 9880 West Flamingo Road, which traded for $30,150,000. The third-largest transaction was the sale of 1111 North Town Center Drive for $28,000,000.
| Property name | Address | Date | Price |
|---|---|---|---|
| Narrative | 6795 Agilysys Way | 10/15/2025 | $48,000,000 |
| 9880 West Flamingo Road | 9880 West Flamingo Road | 10/21/2025 | $30,150,000 |
| 1111 North Town Center Drive | 1111 North Town Center Drive | 9/24/2025 | $28,000,000 |
| Corporate Pointe North 1 | 10550 West Charleston Blvd | 1/31/2025 | $21,500,000 |
| 215 Town Center | 10777 West Twain Avenue | 12/22/2025 | $21,300,000 |
Office Construction in Las Vegas, NV
- Las Vegas, NV Total SF under construction in 2026 100,762
What are the largest recent office completions in Las Vegas?
The largest recent office completion here is Downtown Summerlin - One Summerlin at 200,000 square feet, completed in 2014. The next largest completions are Meridian East and Meridian West.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 2882 E Russell Road | 2882 E Russell Road, 89120 | 6,186 | 2026 |
| Meridian East | One Meridian Vista Drive, 89125 | 73,801 | 2024 |
| Meridian West | One Meridian Vista Drive, 89125 | 73,801 | 2024 |
| Fort Apache Professional Park | 6760 South Fort Apache Rd., 89148 | 4,120 | 2022 |
| UnCommons | 8548 Rozita Lee Ave, 89113 | 650 | 2022 |
| Downtown Summerlin - One Summerlin | 1980 Festival Plaza Drive, 89135 | 200,000 | 2014 |
| Centennial Square Retail Center | 6446 North Durango Drive, 89149 | 14,786 | 2009 |
| Durango Medical Plaza | 8530 West Sunset Road, 89113 | 73,094 | 2008 |
| 5170 West Badura Avenue | 5170 West Badura Avenue, 89118 | 36,189 | 2008 |
| Owner/User Opportunity | Prime Airport Submarket | 319 E Warm Springs Rd, 89119 | 25,000 | 2008 |
See reports for other markets
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.