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Office Space for Rent in Las Vegas, NV - 539 Listings

Las Vegas, NV Office Overview

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Las Vegas’ office market includes the Amber Hills, Canyon Gate, and Doc Romero Park office submarkets. With a metropolitan population of over 2.1 million people, the economy in Las Vegas is driven by the convention, tourism, and gambling businesses, which generate a winning demand for Class A office space in the metro area.

As of mid-2017 the Greater Las Vegas office market encompasses over 20 million square feet of existing office space in properties larger than 50,000 square feet. Known alternately as 'The Entertainment Capital of the World' and 'Sin City', Las Vegas also serves as the financial, commercial, and cultural center for the State of Nevada.

Las Vegas, NV Office Inventory Description

Las Vegas ranks among the top three cities in the U.S. for business conventions and has more AAA Five Diamond hotels than any other city in the world. With a gross metropolitan product of almost $100 billion annually, there is robust demand for Class A office space in the Las Vegas metro area. Nearly 52% of the office space in Las Vegas is Class A or A+, while Class B office space brings an additional 47% of office inventory to the Las Vegas commercial real estate market.

Prime office property in Las Vegas is on the list of many international investors, and the Downtown Las Vegas office submarket in the city continues to see global demand for the Class A office space. Located along Las Vegas Boulevard and the South Grand Central Parkway, trophy office buildings such as City Centre Plaza, Bank of America Plaza, and Bonneville Square at 530 South Las Vegas Boulevard call the area home.

Las Vegas, NV Commercial Inventory Breakdown

Office Spaces

Total: 28,496,145 SF

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

By square footage range:

  • 50k to 100k SF: 11,201,018 SF / 39.31% of total office
  • 100k to 500k SF: 15,647,627 SF / 54.91% of total office
  • 500k to 1M SF: 507,500 SF / 1.78% of total office
  • > 1M SF: 1,140,000 SF / 4% of total office

By class:

  • Class A: 12,191,995 SF / 42.78% of total office
  • Class B: 12,154,400 SF / 42.65% of total office
  • Class C: 1,242,554 SF / 4.36% of total office

Top 10 Largest Office Buildings

in Las Vegas

Office building Address Sqft Year built
The UNLV - Future Development NEC Durango Drive & Sunset Road, 89113 1,140,000 n/a
The Grid SEC East Clark Avenue & South Main Street, 89101 507,500 n/a
The Village Henderson West NWC Saint Rose Pkwy & Spencer Street, 89183 400,000 n/a
Tivoli Village - Building 5 & Building 11 330 South Rampart Blvd, 89145 380,499 2017
The Lakes Campus 8725 West Sahara Avenue, 89117 314,631 1984
Zappos Headquarters 400 Stewart Avenue, 89101 300,000 1973
NV Energy Pearson Building 6226 West Sahara Avenue, 89146 270,000 1982
Rancho Gowan Business Park 3600 North Rancho Drive, 89130 246,585 1999
Corporate Center 8880 West Sunset Road, 89148 233,898 2009
IGT North American Gaming & Interactive Headquarters 6355 South Buffalo Drive, 89113 222,268 2007

Most Recently-Built Office Buildings

in Las Vegas

Office building Address Sqft Year built
Aristocrat Technologies Campus 10240 West Flamingo Road, 89147 180,000 2018
Credit One Bank Headquarters 6801 South Cimarron Road, 89113 152,000 2018
Two Summerlin 10845 Griffith Peak Drive, 89135 144,574 2018
Tivoli Village - Building 5 & Building 11 330 South Rampart Blvd, 89145 380,499 2017
Mountain View Hospital Medical Office Building 2880 North Tenaya Way, 89128 80,251 2017
Blue Diamond Professional Plaza 8828 Mohawk Street, 89139 27,755 2017
Federal Justice Tower 501 South Las Vegas Blvd, 89101 158,000 2016
One Summerlin 1980 Festival Plaza Drive, 89135 197,080 2014
Centennial Hills Center 6100 North Durango Drive, 89149 113,533 2014
Nellis Professional Plaza 1900 North Nellis Blvd, 89115 42,174 2014

Las Vegas, NV Green Office Space

Employment

With only 5% of commercial office space in the top 30 U.S. markets being green or energy efficient in 2005, that percentage has now skyrocketed to over 38%. This according to the most recent National Green Building Adoption Index.

While Las Vegas wasn't in the top 30, with numerous energy-efficient and LEED certified projects in the pipeline, the city is gambling that the day will come when it makes the list.

The Molasky Corporate Center is an excellent example of how Las Vegas is working its way toward the top 30 list. Built in 2007, this 285,000-square- foot office building proudly boasts a LEED Gold certification. Located at 100 North City Parkway, the 17-story property includes first floor retail along with six parking levels.

Las Vegas, NV's Top Office-Using Sectors

Tourism, gaming, and the convention business are the primary drivers of the commercial real estate market in Las Vegas. But less high-profile businesses such as defense, government, hospitality, and healthcare also contribute to the demand for Class A office space in the metro area.

  • Defense – Nellis & Creech Air Force Base just outside of Las Vegas is one of the top five employers in the State of Nevada and attracts numerous support businesses that are users of office space in the city.
  • Government – The Clark County School District, Clark County Municipal Government, and the Las Vegas Metropolitan Police Department all help to create demand for office employment in the region.
  • Hospitality – MGM Resorts International, Caesars Entertainment, Wynn Resorts, and the Las Vegas Sands Corporation are just four of the many hospitality and convention- related businesses that create demand for Class A office employment in Las Vegas.
  • Healthcare – Valley Health System, Sunrise Health System, University Medical Center, and United Healthcare are also top office-using organizations in Las Vegas.

Las Vegas Demographics

Population

  • Total Population621,662
  • Male Population(50.0 %) 310,539
  • Female Population(50.0 %) 311,123
  • Median Age37.40

Income/Financial

  • Average Household Income$72,695
  • Median Household Income$53,159
  • Median Income Under 25$31,618
  • Median Income 25-44$54,775
  • Median Income 45-64$60,369
  • Median Income Over 65$42,524

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 ...