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1,889 Commercial Real Estate Listings in Las Vegas, NV

Las Vegas, NV Commercial Real Estate

There are currently 1,894 commercial listings available in Las Vegas, NV. These listings include 1,158 commercial spaces that encompass a total of 16,123,353 square feet. Available commercial spaces in Las Vegas, NV range in size from 0 square feet to 656,267 square feet. A total of 1,188 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 2022 the Las Vegas, NV commercial real estate market totaled 29,690,142 square feet of office spaces, 40,964,533 square feet of office spaces with retail, and 74,855,411 square feet of industrial space.

Office Spaces

Total: 29,690,142 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 11,766,473 SqFt 39.63% of total office
100k to 500k SqFt 16,783,669 SqFt 56.53% of total office
> 1M SqFt 1,140,000 SqFt 3.84% of total office
By class:
Class A 13,660,045 SqFt 46.01% of total office
Class B 12,863,901 SqFt 43.33% of total office
Class C 1,244,974 SqFt 4.19% of total office


Class A office space holds a 46.01% share of the overall Las Vegas, NV office market, while Class B office assets make up approximately 43.33%.

Industrial

Total: 74,855,411 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 10,896,044 SqFt 14.56% of total industrial
100k to 500k SqFt 47,538,268 SqFt 63.51% of total industrial
500k to 1M SqFt 13,967,445 SqFt 18.66% of total industrial
> 1M SqFt 2,453,654 SqFt 3.28% of total industrial
By class:
Class A 50,425,247 SqFt 67.36% of total industrial
Class B 19,946,582 SqFt 26.65% of total industrial
Class C 498,943 SqFt 0.67% of total industrial
There are 47,538,268 square feet of commercial real estate properties between 100k to 500k square feet, representing 63.51% of the Las Vegas, NV industrial inventory. Class A assets total 50,425,247 square feet of industrial space, with an additional 19,946,582 square feet of Class B and 498,943 square feet of Class C properties.

Office Spaces with Retail

Total: 40,964,533 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 10,026,235 SqFt 24.48% of total office with retail
100k to 500k SqFt 21,775,097 SqFt 53.16% of total office with retail
500k to 1M SqFt 4,823,750 SqFt 11.78% of total office with retail
> 1M SqFt 4,339,451 SqFt 10.59% 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 338 4,795,897
Las Vegas, NV Retail 161 1,320,349
Las Vegas, NV Industrial 154 9,284,685
Las Vegas, NV Other 750 16,166,904
Ofice Icon

338

Office

Industrial Icon

154

Industrial

Retail Icon

161

Retail

Current local active listing encompass 31,567,835 square feet of commercial space for lease in Las Vegas. There are 338 active office listings, which amount to 4,795,897 square feet and account for 24% of commercial spaces on the market. Local retail availability includes 1,320,349 square feet across 161 listings. Current industrial offerings on the market amount to 9,284,685 square feet across a total of 154.

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 2020, 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 2020, 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.