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1,976 Commercial Real Estate Listings in Las Vegas, NV

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Las Vegas, NV Commercial Real Estate

There are currently 1,924 commercial listings available in Las Vegas, NV. These listings include 1,192 commercial spaces that encompass a total of 24,565,160 square feet. Available commercial spaces in Las Vegas, NV range in size from 0 square feet to 1,575,880 square feet. A total of 1,195 off-market commercial properties located in Las Vegas, NV are also available for research.

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Las Vegas, NV Commercial Real Estate Market Overview

Location Photo

Las Vegas, Nev. is famed for its entertainment industry, even receiving the label of “Entertainment Capital of the World.” However, in addition to its world-renowned nightlife and constant activity, the city has also proven to be a dynamic commercial real estate market. In fact, the majority of commercial real estate properties in Las Vegas are concentrated in the city’s downtown — also called Old Las Vegas — which is located a few miles off the famous Las Vegas Strip.

A multitude of companies have established themselves in the metro area in fields such as hospitality, entertainment, travel, services and more. The presence of these companies therefore creates demand for office spaces within the city, while also ensuring a remarkably diversified economy on top of its established reputation for tourism and gambling.

Las Vegas, NV Commercial Inventory Breakdown

In 2023 the Las Vegas, NV commercial real estate market totaled 29,755,749 square feet of office spaces, 42,068,157 square feet of office spaces with retail, and 75,854,173 square feet of industrial space.

Office Spaces

Total: 29,755,749 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 12,055,322 SqFt 40.51% of total office
100k to 500k SqFt 16,560,427 SqFt 55.65% of total office
> 1M SqFt 1,140,000 SqFt 3.83% of total office
By class:
Class A 13,768,798 SqFt 46.27% of total office
Class B 12,508,059 SqFt 42.04% of total office
Class C 1,362,670 SqFt 4.58% of total office


Class A office space holds a 46.27% share of the overall Las Vegas, NV office market, while Class B office assets make up approximately 42.04%.

Industrial

Total: 75,854,173 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 11,091,827 SqFt 14.62% of total industrial
100k to 500k SqFt 48,341,247 SqFt 63.73% of total industrial
500k to 1M SqFt 13,967,445 SqFt 18.41% of total industrial
> 1M SqFt 2,453,654 SqFt 3.23% of total industrial
By class:
Class A 52,435,165 SqFt 69.13% of total industrial
Class B 20,334,099 SqFt 26.81% of total industrial
Class C 498,943 SqFt 0.66% of total industrial
There are 48,341,247 square feet of commercial real estate properties between 100k to 500k square feet, representing 63.73% of the Las Vegas, NV industrial inventory. Class A assets total 52,435,165 square feet of industrial space, with an additional 20,334,099 square feet of Class B and 498,943 square feet of Class C properties.

Office Spaces with Retail

Total: 42,068,157 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 10,160,920 SqFt 24.15% of total office with retail
100k to 500k SqFt 22,877,417 SqFt 54.38% of total office with retail
500k to 1M SqFt 4,823,750 SqFt 11.47% of total office with retail
> 1M SqFt 4,206,070 SqFt 10% of total office with retail

Las Vegas, NV Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Las Vegas, NV Office 311 4,764,909
Las Vegas, NV Retail 169 1,640,727
Las Vegas, NV Industrial 193 14,927,396
Las Vegas, NV Other 840 21,497,509
Ofice Icon

311

Office

Industrial Icon

193

Industrial

Retail Icon

169

Retail

Current local active listing encompass 42,830,540 square feet of commercial space for lease in Las Vegas. There are 311 active office listings, which amount to 4,764,909 square feet and account for 20% of commercial spaces on the market. Local retail availability includes 1,640,727 square feet across 169 listings. Current industrial offerings on the market amount to 14,927,396 square feet across a total of 193.

Employment in Las Vegas, NV

Employed Population 299,406

Employed population - Industry % Distribution

Management, business, science, and arts occupations

30%

Service occupations

28%

Sales and office occupations

21%

Production, transportation, and material moving occupations

11%

Natural resources, construction, and maintenance occupations

9%

In 2021, roughly 30% of a total of 299,406 employed in Las Vegas worked in Management, business, science, and arts occupations, followed by 28% in Service occupations and 21% in Sales and office occupations.

Income per capita $31,292  Median household income $58,713

Household income

42%

Under $50k

32%

$50k - $100k

20%

$100k - $200k

6%

Over $200k

The median household income in Las Vegas stands at $58,713, with per capita income at $31,292. Households earning between $50k and $100k represent 32% of the total, while those earning over $200k make up 6%. Approximately 42% of Las Vegas households earn less than $50k per year.

Commuting in Las Vegas, NV

Mean travel time to work 27 minutes

Means of transportation to work

77.60%

Driving alone

9.80%

Carpool

2.50%

Public transit

0.20%

Bicycle

1.10%

Walking

4.20%

Other

4.60%

Work at Home

*Universe: Workers 16 and over

Education in Las Vegas, NV

High school grad or higher 84%

Bachelor's degree or higher 25%

Population by minimum level of education

16%

No degree

28%

High school

31%

Some College

16%

Bachelor's

9%

Post-grad

*Universe: Workers 25 and over

An estimated 84% of Las Vegas residents aged 25 or over hold a high school degree or higher. Of those, 28% are high school graduates, 31% attended some college, 16% earned a bachelor's degree, with an additional 9% holding post-graduate degrees.

Las Vegas, NV Demographics

As of 2021, Las Vegas had a total population of 651,297, with a median age of 36.80 years. Roughly 65.10% of the total population was between the ages of 16 and 64 years old.

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