Las Vegas, NV Office Overview
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: 27,298,520 SF
By square footage range:
- 50k to 100k SF: 10,891,342 SF / 39.9% of total office
- 100k to 500k SF: 14,759,678 SF / 54.07% of total office
- 500k to 1M SF: 507,500 SF / 1.86% of total office
- > 1M SF: 1,140,000 SF / 4.18% of total office
By class:
- Class A: 12,195,995 SF / 44.68% of total office
- Class B: 12,024,944 SF / 44.05% of total office
- Class C: 1,050,081 SF / 3.85% 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 |
| 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 |
| 101 Convention Center Drive | 101 Convention Center Drive, 89109 | 306,369 | 1977 |
| Zappos Headquarters | 400 Stewart Avenue, 89101 | 300,000 | 1973 |
| The Village | NWC Saint Rose Pkwy & Spencer Street, 89183 | 300,000 | n/a |
| Hughes Center - 3993 Howard Hughes Pkwy | 3993 Howard Hughes Pkwy, 89169 | 294,693 | 1999 |
| Molasky Corporate Center | 100 North City Pkwy, 89106 | 285,000 | 2007 |
| Bank of America Plaza | 300 South 4th Street, 89101 | 270,254 | 1975 |
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
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
- Amber Hills Demographics
- Buckskin Basin Park Demographics
- Canyon Gate Demographics
- Charleston Heights Demographics
- Chatham Hills Demographics
- Crestwood Demographics
- Diamond Point Demographics
- Downtown Las Vegas Demographics
- Grand Entries Demographics
- Grandview Demographics
- Kensington Demographics
- Majestic Park Demographics
- Meadows Mobile Home Park Demographics
- Northbrooke Demographics
- Northshore Reflections Demographics
- Nortwest Area Demographics
- Peccole Ranch Demographics
- Pinto Palomino Demographics
- Queensridge Demographics
- Rancho Manor Demographics
- Rancho Sereno Demographics
- Southridge Demographics
- Summerlin Demographics
- The Crossing Demographics
- The Hills Demographics
- The Strip Demographics
- Timberlake Demographics
- West Sahara Demographics
News
2019 US Office Pipeline – NYC, the Bay Area and San Francisco Set to Deliver 33 MSF of Office Space
April 10, 2019
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...
2018 Office Check-In: Top US Markets for Development, Largest Projects of the Year
September 20, 2018
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 ...
Cities near Las Vegas, NV
Las Vegas, NV zip codes
- 89101 Office Space
- 89102 Office Space
- 89103 Office Space
- 89104 Office Space
- 89106 Office Space
- 89107 Office Space
- 89109 Office Space
- 89110 Office Space
- 89113 Office Space
- 89117 Office Space
- 89118 Office Space
- 89119 Office Space
- 89120 Office Space
- 89121 Office Space
- 89123 Office Space
- 89128 Office Space
- 89129 Office Space
- 89130 Office Space
- 89131 Office Space
- 89134 Office Space
- 89135 Office Space
- 89139 Office Space
- 89141 Office Space
- 89144 Office Space
- 89145 Office Space
- 89146 Office Space
- 89147 Office Space
- 89148 Office Space
- 89149 Office Space
- 89169 Office Space
- + More - Less
Neighborhoods
- Amber Hills Office Space
- American West Village Office Space
- Buckskin Basin Park Office Space
- Canyon Gate Office Space
- Charleston Heights Office Space
- Chatham Hills Office Space
- Crestwood Office Space
- Diamond Point Office Space
- Downtown Las Vegas Office Space
- Grand Entries Office Space
- Grandview Office Space
- Kensington Office Space
- Majestic Park Office Space
- Meadows Mobile Home Park Office Space
- Northbrooke Office Space
- Northshore Reflections Office Space
- Nortwest Area Office Space
- Peccole Ranch Office Space
- Pinto Palomino Office Space
- Queensridge Office Space
- Rancho Manor Office Space
- Rancho Sereno Office Space
- Southridge Office Space
- Summerlin Office Space
- The Canyons Office Space
- The Crossing Office Space
- The Hills Office Space
- The Strip Office Space
- Timberlake Office Space
- West Sahara Office Space
- + More - Less
Cities near Las Vegas, NV
- Enterprise Commercial Real Estate
- Henderson Commercial Real Estate
- North Las Vegas Commercial Real Estate
- Pahrump Commercial Real Estate
- Paradise Commercial Real Estate
- Spring Valley Commercial Real Estate
- Summerlin South Commercial Real Estate
- Sunrise Manor Commercial Real Estate
- Whitney Commercial Real Estate
- Winchester Commercial Real Estate