Las Vegas Industrial Market Report
First Quarter 2019
Inventory
Total Industrial inventory in the Las Vegas market area amounted to 142,263,773 square feet with 3,096,288 square feet under construction.
Sale Activity
In the first quarter, 13 industrial transactions closed with a total volume of $143,066,508. The 13 buildings totaled 1,431,410 square feet and the average price per square foot equated to $99.95 per square foot.
Tallying industrial building sales of 15,000 square feet.
Mark of a Market.
One of the largest transactions that has occurred within the first quarter in the Las Vegas market is the sale of LogistiCenter at 3515 N. Las Vegas Blvd. This 546,480 square-foot industrial building sold for $54,270,399 or $99.31 per square foot. The property sold on 2/25/19 as part of a 54 property portfolio across 10 U.S. markets. The Buyer was Colony Industrial. The Seller was Dermody Properties.
The information in this post has been sourced by and is credited to ©2018 CoStar Group, Inc.
