For Sale
Las Vegas, NV Commercial Real Estate Market Trends
Commercial Real Estate Market Report
This page provides a high-level view of commercial real estate conditions in Las Vegas, combining current pricing, property scale, and active inventory to support early market evaluation.
Explore Commercial Properties in Las Vegas
Browse properties currently for sale or lease to see how local market pricing and building sizes translate into real opportunities.
Las Vegas's Demographic Profile
With a population of 659,468 and a median household income of $61,425, these metrics help investors gauge whether Las Vegas's pricing reflects local demand fundamentals.
| Key Demographic Metrics | Value |
|---|---|
| Population | 659,468 |
| # Households | 247,891 |
| Median age | 39 |
| Median household income | $61,425 |
| Avg household size | 3 |
| Renter-occupied housing units | 116,879 |
| 5-year population change | 7% |
Commercial Real Estate Market Snapshot in Las Vegas
These market metrics outline current pricing, typical deal size, and observed cap rate ranges, giving investors a quick read on entry costs and high-level underwriting expectations.
| Key Market Metrics | Value |
|---|---|
| Avg asking sale price | $395 per SF |
| Avg asking lease rate | $24 per SF |
| Avg unit size for lease | 12,533 SF |
| Avg building size for sale | 37,447 SF |
| Average cap rate | 6.02% |
In Las Vegas, commercial properties are currently listed at an average sale price of $395 per square foot, with average lease rates around $24 per square foot. Typical leased spaces are approximately 12,533 SF, while properties for sale average 37,447 SF in building size. Observed cap rates average 6.02%, offering a reference point for return expectations relative to pricing and deal scale.
Commercial Properties For Sale In Las Vegas
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
Commercial Market Metrics by Property Type
Office Building Market Metrics Near Las Vegas
Office market metrics highlight how pricing, typical deal size, and return expectations vary across submarkets, helping investors compare entry costs and yield potential efficiently.
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Las Vegas | $356 | 18,264 SF | 8.25% |
| North Las Vegas | $310 | 25,905 SF | 8.25% |
Industrial Property Market Metrics Near Las Vegas
Industrial market data shows how cost per square foot and typical building size differ by submarket, supporting comparisons around deal scale and pricing alignment.
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Las Vegas | $347 | 91,250 SF | 7.25% |
| North Las Vegas | $366 | 52,563 SF | 6.68% |
Retail Property Market Metrics Near Las Vegas
Retail pricing varies widely across nearby markets, making this comparison useful for identifying where cost per square foot and deal size diverge most.
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Las Vegas | $503 | 19,859 SF |
| North Las Vegas | $566 | 18,407 SF |
Multifamily Property Market Metrics Near Las Vegas
Multifamily metrics show how pricing and building size relate to observed cap rate ranges, helping investors evaluate income potential relative to entry cost.
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Las Vegas | $247 | 19,883 SF | 8.75% |
| North Las Vegas | $247 | 11,457 SF | 8.75% |
How Investors Evaluate Commercial Real Estate Markets in Las Vegas
Use these tools to move from market-level signals to deal-level math. Each calculator helps translate Las Vegas pricing, rents, and building size into concrete metrics like value, income, and space requirements, so you can validate assumptions before spending time on individual listings.
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Las Vegas pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Las Vegas | $395 | 37,447 SF |
| North Las Vegas | $401 | 26,737 SF |
Regional Demographic Comparison
This comparison places Las Vegas alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Las Vegas or distributed across surrounding areas.
| City | Population | # Households | Age | MedianHouseholdIncome | AvgHouseholdSize | RenterOccupiedHousingUnits | FiveYrPopGrowthPct |
|---|---|---|---|---|---|---|---|
| Las Vegas | 659,468 | 247,891 | 39 | $61,425 | 3 | 116,879 | 7% |
| North Las Vegas | 275,850 | 86,684 | 35 | $66,537 | 3 | 35,052 | 7% |
| Indian Springs | 2,055 | 303 | 41 | $56,538 | 3 | 140 | 1% |
| Moapa | 770 | 248 | 38 | $57,999 | 3 | 54 | -5% |
FAQs About Commercial Investing in Las Vegas
View All Commercial Real Estate For Sale in Las Vegas
Is Las Vegas a good market for a first-time commercial real estate investor?
Las Vegas offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Las Vegas?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Las Vegas. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Las Vegas?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Las Vegas. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Las Vegas compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Las Vegas. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Las Vegas acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Las Vegas, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
Nearby Cities
Commercial Market Reports
- Atlanta, GA Market Trends
- Austin, TX Market Trends
- Boston, MA Market Trends
- Charlotte, NC Market Trends
- Chicago, IL Market Trends
- Columbus, OH Market Trends
- Dallas, TX Market Trends
- Denver, CO Market Trends
- Fort Worth, TX Market Trends
- Houston, TX Market Trends
- Indianapolis, IN Market Trends
- Jacksonville, FL Market Trends
- Kansas City, MO Market Trends
- Las Vegas, NV Market Trends
- Los Angeles, CA Market Trends
- Nashville, TN Market Trends
- Philadelphia, PA Market Trends
- Phoenix, AZ Market Trends
- San Diego, CA Market Trends
- San Francisco, CA Market Trends
- San Jose, CA Market Trends
- Seattle, WA Market Trends
- Washington, DC Market Trends
- View more
- View less
