What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Las Vegas commercial real estate market incorporates 40,970,923 square feet of office space across 660 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Las Vegas, the coworking segment of the commercial real estate market incorporates about 39,105 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Las Vegas commercial real estate market includes 43,261,170 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Las Vegas market, there is a total of 73,434,427 square feet of industrial property.

What types of commercial real estate are available in Las Vegas, NV?

The largest share of commercial real estate space for lease in Las Vegas is represented by Industrial space , which accounts for 17,870,761 square feet of available listings. Office space available in Las Vegas adds up to 7,290,982 square feet.

What factors affect the price of commercial real estate in Las Vegas, NV?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Las Vegas, NV?

The average rent for commercial real estate space listed for lease in Las Vegas is $21.89 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Las Vegas can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $29.65 per square foot, industrial space in Las Vegas saw average rents of $14.98 per square foot.

What are the best areas for commercial real estate in Las Vegas, NV?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Las Vegas, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Las Vegas is in the The Strip neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the The Strip area . Meanwhile, retail space opportunities are most abundant in the The Strip submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Valley . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $72 per square foot. In particular, the property type commanding the highest lease rates in Las Vegas was Office space. Conversely, the highest sale price last year was $35,000,000 that is located at 8350 Briova Drive.

What is the average size of a commercial property in Las Vegas, NV?

The average size of a commercial property in Las Vegas depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Las Vegas, the average size of an office property is 68,058 square feet. Retail properties here incorporate an average of 115,982 square feet. Industrial space in Las Vegas is in buildings that are, on average 190,739 square feet in size.

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1,675 Commercial Real Estate Listings in Las Vegas, NV

CRE Market Stats

NV, Las Vegas - South Maryland Parkway
Regus
4220 S Maryland Pkwy 2nd floor, Las Vegas, NV
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Bike storage

Business lounge

Catering

Cleaning services

Complimentary coffee & tea

Free water

High-speed internet

High-speed wifi
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Virgin Land On Kyle Canyon Road

Nevada 159, Centennial Point, Las Vegas, NV
For Sale

$699,000
Property

VacantLand
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STEPHANIE INDUSTRIAL PARK

5468 Stephanie St Bldg 5, Whitney, Las Vegas, NV
For Sale

$3,181,170
Property

Industrial

11,162 SF
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WAREHOUSE/DISTRIBUTION SPACE FOR LEASE

7055 Placid St, Enterprise, Las Vegas, NV
For Lease

Contact for pricing
Property

Industrial
Availability

1 Space

25,355 SF
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7620 Bermuda Road

7620 Bermuda Road, Paradise, Las Vegas, NV
For Sale

$525,000
Property

VacantLand
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Link Northern Beltway Industrial Center

5402 East El Campo Grande Avenue, Valley, Las Vegas, NV
For Lease

Contact for pricing
Property

Industrial

188,950 SF
Availability

1 Space

188,950 SF
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Russell Commerce Center

5740 Arville Street, Paradise, Las Vegas, NV
For Lease

$1.60/SF/MO
Property

Industrial

98,334 SF
Availability

2 Spaces

8,638 SF
Year Built

2000
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Central 7 Commerce Center

3400 West Desert Inn Road, Meadows Mobile Home Park, Las Vegas, NV
For Lease

$1.15 - $1.35/SF/MO
Property

Industrial

357,608 SF
Availability

12 Spaces

22,613 SF
Year Built

1980
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Montecito Tower

6605 Grand Montecito Pkwy, Timberlake, Las Vegas, NV
For Lease

$2.65/SF/MO
Property

Office

177,007 SF
Availability

3 Spaces

11,911 SF
Year Built

2009
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PROLOGIS ARROWHEAD COMMERCE CENTER

3550 E Post Rd Bldg 3, Paradise, Las Vegas, NV
For Lease

Contact for pricing
Property

Industrial
Availability

3 Spaces

21,499 SF
Year Built

1998
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Westland Center

4339 Corporate Center Drive, Sunrise Manor, North Las Vegas, NV
For Lease

$0.91/SF/MO
Property

Industrial

78,000 SF
Availability

1 Space

2,491 SF
Year Built

2004
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Buffalo Business Center

2451 South Buffalo Drive, Canyon Gate, Las Vegas, NV
For Lease

$1.35/SF/MO
Property

Office

36,458 SF
Availability

1 Space

3,324 SF
Year Built

1998
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Roam 'n Stop

4415 Blue Diamond Rd, Enterprise, Las Vegas, NV
For Sale

$7,513,044
Property

Retail

3,192 SF
Year Built

2019
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51 Madge Ln

51 Madge Ln, Sunrise Manor, Las Vegas, NV
For Sale

$850,000
Property

VacantLand
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District North

814 South 3rd Street, Arts District, Las Vegas, NV
For Lease

$3.00/SF/MO
Property

Retail

54,416 SF
Availability

5 Spaces

15,099 SF
Year Built

2016
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5030 Paradise Road

5030 Paradise Road, Paradise, Las Vegas, NV
For Lease

$2.65 - $3.00/SF/MO
Property

Office

51,884 SF
Availability

19 Spaces

25,696 SF
Year Built

1975
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550 E Charleston Blvd., Suite F

550 E Charleston blvd ste F las vegas nv 89104, John S. Park, Las Vegas, NV
For Lease

Contact for pricing
Property

Office

750 SF
Availability Contact for availability
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McCarran Sunset Business Park

1421 East Sunset Road, Paradise, Las Vegas, NV
For Lease

$1.10/SF/MO
Property

Office

78,929 SF
Availability

2 Spaces

5,830 SF
Year Built

2000
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Gateway Business Park

6330 S Pecos Rd, Paradise, Las Vegas, NV
For Sale

Contact for pricing
Property

Industrial

45,341 SF
Year Built

1999
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Warm Springs Distribution Center Bldg. 12

7660 Dean Martin Dr., Enterprise, Las Vegas, NV
For Lease

Contact for pricing
Property

Industrial

94,915 SF
Availability

1 Space

17,999 SF
Year Built

2002
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Desert Inn Commerce Center - Bldg. 2

3216 - 3228 W. Desert Inn Rd., Meadows Mobile Home Park, Las Vegas, NV
For Lease

Contact for pricing
Property

Industrial

27,600 SF
Availability

1 Space

4,329 SF
Year Built

1991
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Park at Spanish Ridge - 8906 Spanish Ridge Avenue

8906 Spanish Ridge Avenue, Spring Valley, Las Vegas, NV
For Lease

$2.25/SF/MO
Property

Office

40,528 SF
Availability

1 Space

9,333 SF
Year Built

2007
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CENTENNIAL CROSSROADS PLAZA

6400 Sky Pointe Dr, Elkhorn Cimarron Estates, Las Vegas, NV
For Lease

$25.80/SF/YR
Property

Retail
Availability

4 Spaces

5,595 SF
Year Built

2003
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STEPHANIE INDUSTRIAL PARK

5462 Stephanie St Bldg 3, Whitney, Las Vegas, NV
For Sale

$3,464,175
Property

Industrial

12,155 SF
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SWC Blue Diamond & Lindell

Blue Diamond Rd & S Lindell Rd, Enterprise, NV
For Lease

Contact for pricing
Property

Retail
Availability

1 Space

5,062 SF
Year Built

2023
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718 S 8th St

718 S 8th St, Downtown Las Vegas, Las Vegas, NV
For Sale

$895,000
Property

Office

3,705 SF
Year Built

1972
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Building Size Range	Total Square Feet	Share of Total Office
50k to 100k Sq. Ft.	12,322,769 Sq. Ft.	31.67%
100k to 500k Sq. Ft.	16,677,171 Sq. Ft.	42.86%
> 1M Sq. Ft.	1,140,000 Sq. Ft.	2.93%

Class	Total Square Feet	Share of Total Office
Class A	14,489,735 Sq. Ft.	37.24%
Class B	19,343,973 Sq. Ft.	49.71%
Class C	3,240,924 Sq. Ft.	8.33%

Building Size Range	Total Square Feet	Share of Total Industrial
50k to 100k Sq. Ft.	11,900,683 Sq. Ft.	13.09%
100k to 500k Sq. Ft.	52,181,425 Sq. Ft.	57.38%
500k to 1M Sq. Ft.	15,338,814 Sq. Ft.	16.87%
> 1M Sq. Ft.	2,453,654 Sq. Ft.	2.7%

Class	Total Square Feet	Share of Total Industrial
Class A	57,293,278 Sq. Ft.	63%
Class B	29,247,138 Sq. Ft.	32.16%
Class C	910,304 Sq. Ft.	1%

Building Size Range	Total Square Feet	Share of Total Retail
50k to 100k Sq. Ft.	11,399,153 Sq. Ft.	25.28%
100k to 500k Sq. Ft.	24,058,473 Sq. Ft.	53.35%
500k to 1M Sq. Ft.	5,397,241 Sq. Ft.	11.97%
> 1M Sq. Ft.	4,206,070 Sq. Ft.	9.33%

City	Property Type	Count of Listings	Total SF
Las Vegas, NV	Office	267	7,290,982
Las Vegas, NV	Retail	158	1,801,858
Las Vegas, NV	Industrial	208	17,870,761
Las Vegas, NV	Other	702	27,836,487

1,675 Commercial Real Estate Listings in Las Vegas, NV

Las Vegas, NV Commercial Real Estate Market Overview

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Las Vegas, NV?

What factors affect the price of commercial real estate in Las Vegas, NV?

What is the average rent for commercial space in Las Vegas, NV?

What are the best areas for commercial real estate in Las Vegas, NV?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Las Vegas, NV?

Las Vegas, NV Commercial Real Estate Inventory Breakdown

Total Office Space in Las Vegas: 38,909,946 Sq. Ft.

Total Industrial Space in Las Vegas: 90,939,434 Sq. Ft.

Total Retail Space in Las Vegas: 45,093,237 Sq. Ft.

Las Vegas, NV Currently Available Listings

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