Las Vegas Industrial Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cbre, Colliers, Cushman & Wakefield, CBRE
Quarterly industrial market indicators for Las Vegas, aggregated by PropZone from Cbre, Colliers, Cushman & Wakefield, CBRE. As of Q1 2026, average asking rent was $14.40/SF.
Projected current industrial pricing — Las Vegas
low confidenceProjected asking rent
$14.40/SF/yr
Estimated sale value
$173–$212/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.5%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $14.40/SF | — | — | — | Cbre |
| Q1 2026 | — | 9.2% | 378K SF | — | Colliers |
| Q1 2026 | — | 2.0% | 2K SF | — | Cushman & Wakefield |
| Q1 2026 | $14.40/SF | 3.2% | 2K SF | — | CBRE |
| Q4 2025 | — | — | 2K SF | — | Cushman & Wakefield |
| Q3 2025 | — | 11.6% | 0K SF | — | Cushman & Wakefield |
| Q2 2025 | $34.80/SF | 3.2% | 0K SF | — | Cushman & Wakefield |
| Q3 2019 | $6.96/SF | 4.5% | 3.1M SF | — | Cushman & Wakefield |
| Q3 2017 | — | 8.1% | 4K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for industrial space in Las Vegas?
- As of Q1 2026, the average asking rent for industrial space in Las Vegas was $14.40/SF, per Cbre.
- What is the industrial vacancy rate in Las Vegas?
- Vacancy data for Las Vegas industrial is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does PropZone's Las Vegas market data come from?
- This report aggregates quarterly industrial market data for Las Vegas from Cbre, Colliers, Cushman & Wakefield, CBRE.
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