For Sale
Las Vegas, NV
Commercial Real Estate Market Trends & Data
$453
Avg asking sale price
$826
Avg asking lease rate
14,741 SF
Avg unit lease size
22,373 SF
Avg building size for sale
6.17%
Average cap rate
Las Vegas's Demographic Profile
Las Vegas has 247,891 households and a median income of $61,425, providing context for rent absorption and tenant demand across retail and multifamily assets. A +7% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 659,468 |
| # Households | 247,891 |
| Median age | 39 |
| Median household income | $61,425 |
| Avg household size | 3.0 |
| Renter-occupied housing units | 116,879 |
| 5-year population change | +7% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Las Vegas, NV
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Las Vegas | $344 | 14,666 SF | 8.61% |
| N Las Vegas | $308 | 23,327 SF | 8.61% |
| North Las Vegas | $310 | 22,875 SF | 8.61% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Las Vegas | $386 | 32,942 SF | 7.92% |
| N Las Vegas | $439 | 51,496 SF | 7.92% |
| College Park | $302 | 44,723 SF | 7.92% |
| North Las Vegas | $435 | 66,949 SF | 7.92% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Las Vegas | $628 | 14,698 SF |
| N Las Vegas | $600 | 14,065 SF |
| College Park | $903 | 7,855 SF |
| North Las Vegas | $719 | 13,065 SF |
| Nellis Afb | $285 | 4,393 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Las Vegas | $242 | 16,384 SF | 11.20% |
| N Las Vegas | $264 | 12,641 SF | 11.20% |
| College Park | $190 | 15,610 SF | 6.10% |
| North Las Vegas | $260 | 12,180 SF | 11.20% |
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
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $453 | 22,373 SF |
| N Las Vegas | $395 | 24,763 SF |
| College Park | $743 | 16,896 SF |
| North Las Vegas | $451 | 25,830 SF |
| Nellis Afb | $242 | 89,026 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 | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Las Vegas | 659,468 | 247,891 | 39 | $61,425 | 3 | 116,879 | 7% |
| N Las Vegas | 275,258 | 86,528 | 35 | $66,257 | 3 | 35,177 | 7% |
| College Park | 50,806 | 16,402 | 36 | $61,491 | 3 | 6,901 | 6% |
| North Las Vegas | 275,850 | 86,684 | 35 | $66,537 | 3 | 35,052 | 7% |
| Nellis Afb | 5,257 | 1,299 | 28 | $24,805 | 3 | 1,239 | 4% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Las Vegas, NV and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
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.
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